When will minimum wage go up and how much will you be paid from April 2024?
THE Minimum Wage has increased in a boost for two million workers.
The pay rise came into effect on April 1 and was the biggest rise of its kind for a decade.
The National Minimum Wage and the National Living Wage were both hiked up to £11.44.
Of course, the amount workers saw their pay rise varied depending on their age.
To qualify for the National Minimum Wage you must be of school-leaving age, which is usually above 16.
To get the National Living Wage workers must be aged 21 and above.
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This comes after the Chancellor Jeremy Hunt confirmed in his Autumn statement that the qualifying age would reduce from 23.
Is the minimum wage increasing?
The minimum wage increased on April 1.
The previous rates for the National Living wage (for those aged 23 and over) and the National Minimum Wage (for those of school-leaving age) were:
- 23 years and over - £10.42
- 21-22 year olds - £10.18
- 18-20 year-olds - £7.49
- Under 18 - £5.28
- Apprentices - £5.28
How much did the minimum wage go up by?
The minimum hourly rate for over 21s rose from £10.42 to £11.44.
This means that nearly three million workers who receive the National Living Wage got an almost 10% cash boost.
The new rates from April 1, 2024, were as follows:
- 23 years and over - £11.44
- 18 to 20 year-olds - £8.60
- 16 to 17 year olds - £6.40
- Apprentices - £6.40
How much will you get paid after April 2024?
Brits on the National Living Wage are now £1,800 better off after the rate hike.
Announcing the increase last autumn, the Chancellor said: "Next April all full-time workers on the National Living Wage will get a pay rise of over £1,800 a year.
"That will end low pay in this country, delivering on our manifesto promise.
"The National Living Wage has helped halve the number of people on low pay since 2010, making sure work always pays."
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