Starting from April 1st, 2023, the National Minimum Wage is scheduled to increase between 9.7% and 10.9%.
The aim of this increase is to improve the living standards of low-income workers in response to the current cost-of-living crisis and align with the Government’s target of reaching two-thirds of median earnings for the relevant population by 2024.
Despite the challenging economic situation, this significant rise could be a challenge for employers, who need to prepare for the new hourly rates. The revised rates are as follows:
| Age | New rates from April 2023 | Current rates |
| 23 or over | £10.42 | £9.50 |
| 21 to 22 | £10.18 | £9.18 |
| 18 to 20 | £7.49 | £6.83 |
| Under 18 | £5.28 | £4.81 |
| Apprentice | £5.28 | £4.81 |
Are you ready?
We are here to help and offer advice relating to the NMW increase.
