National Minimum Wage (NMW) and National Living Wages (NLW) increased from 1 April 2023. Please see the table below for the new rates:
| Year | National Living Wage | 21 to 22 | 18 to 20 | 16 to 17 | Apprentice | Accommodation Offset |
|---|---|---|---|---|---|---|
| April 2022 (Old Rate) | £9.50 | £9.18 | £6.83 | £4.81 | £4.81 | £8.70 |
| April 2023 (New Rate) | £10.42 | £10.18 | £7.49 | £5.28 | £5.28 | £9.10 |
| Increase | 9.7% | 10.9% | 9.7% | 9.8% | 9.8% | 4.6% |
Employers should review the ages of employees to ensure they are paid the correct gross pay when carrying out your payroll procedures. At Shapcotts we check an employee’s age as part of the Payroll Bureau service we offer to clients. If you have any queries, please contact us. Businesses should review prices and productivity to ensure consistent profitability.
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February 21st, 2023
