logo
MENU

Living and Minimum Wage from 1 April 2023

Date:
Category:Latest News

From 1 April 2023 the minimum wage will increase to the following amounts:

NewOld
Apprentices*£5.28£4.81
16-17£5.28£4.81
18-20£7.49£6.83
21-22£10.18 £9.18
Living Wage
23 & Over£10..42 £9.50

 

*This rate is for apprentices under the age of 19. Any apprentices aged 19 and over must only receive this rate in the first 12 months of apprenticeship, after which the rate applies to their age.

Please note in future all increases will be implemented on the 1st April each year.

More details can be found on the HMRC website

Related news

Making Tax Digital is no longer something that only applies to a small group of VAT registered businesses. By 2026, MTD will affect a much wider range of UK taxpayers. This includes sole traders, landlords and small businesses. All of which may believe it does not apply to them. At Stopfords, we regularly speak to […]

View article

Firms report persistent hiring challenges due to a mix of structural labour shortages, stagnant wages, and shifting worker expectations. Even with falling vacancies. Why is this? Structural and Economic Factors Employer Challenges Labour Market Trends Cultural and Generational Shifts It isn’t much comfort, but you are not alone… We hear this everywhere and are experiencing […]

View article
ICAEW-chartered-accountantsACCA-platinumACCA-practisingsage-logoxero-logoquickbooks-logofreeagent-bronze-partner-badge 2023-RGBHorizontal Badge – Standard

We use cookies to ensure you get the best experience on our website. Read more in our privacy policy.