Increases to minimum wage rates

NEW rates of the National Living Wage (NLW) and National Minimum Wage (NMW) came into force on 1 April 2022. These follow recommendations made in the autumn by the Low Pay Commission. To mark the uprating, the government has published a report that looks ahead at the implications of the incoming rates and the LPC’s remit for the coming year.

The new NLW and NMW rates are set out below.

  Previous rate Rate from April 2022 Increase
National Living Wage £8.91 £9.50 6.6%
21-22-year-old rate £8.36 £9.18 9.8%
18-20-year-old rate £6.56 £6.83 4.1%
16-17-year-old rate £4.62 £4.81 4.1%
Apprentice rate £4.30 £4.81 11.9%
Accommodation offset £8.36 £8.70

4.1%

These increases mark another step on the path to the government’s target of an NLW set at two-thirds of median earnings by 2024. The report sets out the latest pathway to that target, based on projections of average pay growth. The government is currently consulting on the NLW and NMW rates to be introduced from April 2023.

By Made in Britain 7 months ago | Made in Britain news

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