Between 1- 7 April 2024 is when the annual increase in statutory employment rates take effect including national minimum wage (NMW) and the family friendly benefits. We have listed these below but a point to highlight is the National Living Wage rate now applies to workers ages 21 and over (previously applying to those aged 23 and over).
It is essential that you review your workers’ pay and increase where necessary to ensure compliance with national minimum wage legislation.
|
TYPE OF RATE |
AMOUNT |
EFFECTIVE FROM |
|
NMW Age 16-17 |
£6.40/hour |
1 April |
|
NMW Age 18-20 |
£8.60/hour |
1 April |
|
NLW Age 21 or over |
£11.44/hour |
1 April |
|
Apprentice (if under age 19 or in first year of apprenticeship |
£6.40/hour |
1 April |
|
Accommodation offset |
£9.99/day |
1 April |
|
Family friendly payments |
£184.03/week or 90% of the employee’s average weekly earnings, whichever is lower |
7 April |
|
Statutory sick pay |
£116.75/week |
6 April |
|
Statutory redundancy pay (cap on week’s pay) |
£700/week |
6 April |
|
Statutory guaranteed payment (lay-off, short-time) |
£38/day (subject to maximum 5 days or £190 in any 3 months) |
6 April |
|
NI lower earnings limit |
£123/week |
1 April |
For further advice, NFU Employment Service members can contact our Employment Specialists on 0370 840 0234.