The National Minimum Wage in 2024
This short report looks at the impact of the increase in National Minimum Wage rates in April 2024, and projects the National Living Wage rate for April 2025.
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On 1 April 2024, all rates of the National Minimum Wage, including the National Living Wage, will increase. These increases implement recommendations made by the Low Pay Commission in autumn 2023. The rates which will come into effect from 1 April 2024 are as follows.
| NMW rate from 1 April 2024 | Increase in pence | Percentage increase | |
|---|---|---|---|
| National Living Wage (21 and over) | 拢聽聽 11.44 | 拢聽聽聽聽 1.02 | 9.8% |
| 18-20 Year Old Rate | 拢聽聽聽聽 8.60 | 拢聽聽聽聽 1.11 | 14.8% |
| 16-17 Year Old Rate | 拢聽聽聽聽 6.40 | 拢聽聽聽聽 1.12 | 21.2% |
| Apprentice Rate | 拢聽聽聽聽 6.40 | 拢聽聽聽聽 1.12 | 21.2% |
| Accommodation Offset | 拢聽聽聽聽 9.99 | 拢聽聽聽聽 0.89 | 9.8% |
The report published here looks at the likely effects of the incoming rates, and sets out the LPC鈥檚 projection of the National Living Wage rate for April 2025. This projection is based on the Government鈥檚 remit to the LPC for 2024, which asks us to recommend a rate which keeps the NLW at two-thirds of median pay. We project an NLW remaining at two-thirds of median pay to be between 拢11.61 and 拢12.18 (with a central estimate of 拢11.89) in April 2025.
In support of its future recommendations, the LPC is carrying out and will be launching its call for written evidence in the coming days.
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