2024 National Living Wage Rates: What We Know So Far?

Q. The Chancellor Announced that the National Living Wage would Rise to £11 per hour in 2024. Do We Know all the other Rates yet so we can Plan?

A: Jeremy Hunt made the announcement at the Conservative Party Conference in October 2023 that the National Living Wage would increase to ‘at least £11 an hour‘ from April 2024. This is not the exact value and you should not take any action. The rates are advised to the Government by the Low Pay Commission which the Government comments on at the Autumn Statement (in November 2023).

We don’t have the full story yet I’m afraid but will bring it to you when we know.



in Monthly Tax Q&A Tags: 2024ChancellorLow Pay CommissionNational Living Wagerates