Minimum wage

National Minimum Wage rates apply to employees up to the age of 20 (22 before 1 April 2024).

National Living Wage (NLW) rates apply to employees 21 and over (23 and over before 1 April 2024).

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 2024 £11.44 n/a £8.60 £6.40 £6.40
From 1 April 2023 £10.42 £10.18 £7.49 £5.28 £5.28

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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), Landmark Business Centre, Tudor Square, West Bridgford, Nottingham NG2 6BT

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