2024 National Living Wage and National Minimum Wage Rates

2024 National Living Wage and National Minimum Wage Rates

Learning Objectives

At the end of the lesson, you will be able to identify the new rates for the National Living Wage and National Minimum Wage coming into force in April 2024.
At the end of the lesson, you will understand the percentage increase for each wage category.
At the end of the lesson, you will be able to explain the significance of the Accommodation Offset and its new rate.

What do you already know about the 2024 National Living Wage and National Minimum Wage rates?

Introduction to the 2024 National Living Wage (NLW) and National Minimum Wage (NMW) rates

From April 2024, new National Living Wage (NLW) and National Minimum Wage (NMW) rates will be implemented.

Detailed breakdown of the new wage rates and their respective increases

NLW for those aged 21 and over will be set at £11.44, marking a £1.02 increase (9.8%).
The rate for 18-20-year-olds will increase by £1.11 to £8.60 (14.8%).
The 16-17-year-old rate will rise by £1.12 to £6.40 (21.2%).
Apprentices will also see their rate increase to £6.40, which is a 21.2% rise.

Percentage increases for each wage category

NLW increase: £1.02 (9.8%)
18-20-year-olds increase: £1.11 (14.8%)
16-17-year-olds increase: £1.12 (21.2%)
Apprentices increase: £1.12 (21.2%)

Explanation of the Accommodation Offset rate and its increment

Accommodation Offset will increase by £0.89 to £9.99 (9.8%).

Definition List

National Living Wage (NLW): The minimum pay per hour most workers aged 21 and over are entitled to by law.
National Minimum Wage (NMW): The minimum pay per hour most workers under the age of 21 are entitled to by law.
Accommodation Offset: An amount that employers who provide accommodation can count towards the National Minimum Wage and National Living Wage.

Write down 3 things you learned in this lesson.

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.

Ask 1 question about something you haven't quite understood yet.

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.