Minimum wage

National Minimum Wage rates apply to employees up to the age of 22.

National Living Wage (NLW) rates apply to employees 23 and over.

The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.

Penalties apply to employers who fail to pay minimum wages.

Age NLW 21-22 18-20 16-17 Apprentice
From 1 April 2023 £10.42 £10.18 £7.49 £5.28 £5.28
From 1 April 2022 £9.50 £9.18 £6.83 £4.81 £4.81

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Farrars Limited (trading as Farrars Chartered Accountants), Unit 1, Rectory Place, 37 Old Parsonage Lane, Hoton, Loughborough, Leicestershire LE12 5SG
Farrars Limited (trading as Farrars Chartered Accountants), Trent Business Centre, Thoroton Road, West Bridgford, Nottingham NG2 5FT

Company Reg No. 6630806 | Reg Office : 'Rectory Place address' as above | Registered in England and Wales | VAT No. 944 2828 06