National Minimum
Wage
The new minimum rates of pay which came into effect on 01 April 2024 are as follows:
- Age 21 and above £11.44 (previously £10.42)
- Aged 18 to 20 inclusive £8.60 per hour (previously £7.49)
- Aged under 18 (but above compulsory school age) £6.40.
- Aged 16 to 17 £6.40 per hour (previously £5.28)
- Apprentice rate £6.40 per hour (previously £5.28)
Statutory Pay
Statutory maternity, paternity, shared parental and adoption pay increased from £172.48 to £184.03 per week from 06 April 2024
On 06 April 2024 statutory sick pay increased from £109.40 to £116.75 per week.
Redundancy Pay
The cap for weekly pay when calculating redundancy pay also increased from £643 to £700 with effect from 06 April 2024.
Please get in touch with a member of our HR consultancy team if you have any queries regarding this latest round of increases or if you require support in creating letters informing workers of a change in their rate of pay.