National Living Wage to Increase to £11.44

Louise Walker
Legal Director
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The Chancellor, Jeremy Hunt, has recently confirmed that the National Living Wage (which is currently the top rate of National Minimum Wage for those over 23 years old) will be increased from £10.42 per hour to £11.44 per hour from April 2024. It has been confirmed that this new rate will apply to those aged 21 and over, for the first time since the introduction of the National Living Wage.

This rate increase represents an annual pay rise worth over £1,800 for full-time workers aged 23 and over and an annual pay rise worth over £2,300 for full-time workers who are 21 years old. This is the largest ever increase to the minimum wage in cash terms and as such, is likely to present significant challenges for employers who are currently paying staff at National Living Wage rates.

The National Living Wage goes up every April, but the new rates have been announced months in advance to allow employers to prepare.

If you would like to discuss the implications of the announcement, or if we can provide support or assistance on any other employment law matters, please do not hesitate to contact a member of the team on 0141 331 5150.

Topics: National Living Wage, National Minimum Wage, Wages