
Minimum wage rates are increasing – are you ready?
The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees in the UK and are based on age and apprenticeship level. NMW is the minimum hourly rate of pay for workers under 23 (or first year apprentices) NLW is the minimum hourly rate of pay for workers over 23 years of age On the 1 April 2023, the NLW is increasing to £10.42 per hour, a significant jump from the current