National Minimum/Living Wage (NMW/NLW) Changes 2023

Print Friendly, PDF & Email

National Minimum/Living Wage (NMW/NLW) Changes 2023

Key Contact: Claire Knowles & Juliette Franklin

Author: Juliette Franklin

The UK Government has announced changes to National Living Wage (NLW) and National Minimum Wage (NMW) coming into effect from April 2023. 

From 1 April 2023 the following increases in rates:

  • a 92p, or 9.7%, increase to the NLW for those aged 23 and over (from £9.50 to £10.42 per hour)
  • a £1, or 10.9%, increase for those aged 21–22 (from £9.18 to £10.18 per hour). (This increase is intended to narrow the gap with the NLW and put this age group on course to receive the full NLW by 2024)
  • a 66p, or 9.7%, increase for those aged 18–20 (from £6.83 to £7.49 per hour)
  • a 47p, or 9.7%, increase for those aged 16–17 (from £4.81 to £5.28 per hour), and
  • a 47p increase in the apprentice rate (from £4.81 to £5.28 per hour).

These latest changes will provide much-needed support for low-paid workers at a time when many are feeling increased pressure from a rising cost of living.

Complying with national minimum wage obligations can be complicated and it is important that businesses take advice when making deductions to a worker’s pay and when a worker incurs expenses in connection with their employment. If you require any assistance or support, don’t hesitate to get in touch with our employment team.

Recent Posts

merger banner
Acuity Law Advises Cadastra On Acquisition
November 22, 2022
Employment Webinar: Restrictive Covenants & Duties of Confidentiality
November 11, 2022
Employee Benefits Webinar: Perks & Pitfalls
November 2, 2022
signing contract
Best Endeavours or Reasonable Endeavours?
October 17, 2022
register button on keyboard
Should My Business Register With The ICO?
October 10, 2022
stamping passport
Updated Right to Work Procedures
October 6, 2022

Archives

Categories

Skip to content