The UK Careers Fair logo
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
HomeAbout2024 ScheduleEventsNewsJobsLondon
Exhibit With UsBook A Stand
Contact Us
Finance
5 min read

The Recent Change To Minimum Wage Rule

Recent updates to the rules concerning minimum wages were recently announced and implemented, coming into effect on April 1st of this year. There has been an increase in the National Minimum Wage and National Living Wages rates. The minimum wage a worker should get will depend on their age and if they are an apprentice and the National Minimum Wage is the minimum hourly pay that nearly all workers are entitled to.
Written by
Joanna Clare
Content Manager
Published on
May 12, 2024

Recent updates to the rules concerning minimum wages were recently announced and implemented, coming into effect on April 1st of this year. There has been an increase in the National Minimum Wage and National Living Wages rates. The minimum wage a worker should get will depend on their age and if they are an apprentice and the National Minimum Wage is the minimum hourly pay that nearly all workers are entitled to.

However, the Low Pay Commission estimates that a significant number of workers may not be being paid what they should be, despite the new rules already being in force with the updated rates showing on the first full pay cycle after April 1st.

The current statutory minimum wage rates have recently been increased to £6.40 per hour for apprentices and under 18’s. It is £8.60 for those who are aged between 18 - 20 and for those over the age of 21, it is £11.44 per hour. The national minimum wage is not negotiable and whoever your employer is, they must by law pay you the correct amount. However, if you are self employed and are responsible for paying yourself then the rules differ.

The boost in income has been welcomed alongside the recent increase in many welfare benefit rates and of course the two reductions in national insurance rates so far this year. Many workers will be better off than before and it is interesting to note that the adult minimum wage has actually risen by 70% in real terms since its initial introduction.

Last year, the Chancellor announced that as from this April, the increased rates would end low pay in this country, thus delivering on their manifesto promise and that work always pays. There will of course be many who argue the opposite as there is still much to be done to raise standards of living and people are still feeling the impact of the cost of living crisis. Despite the inflation rate having been lowered, prices are still high with families still struggling with essentials such as energy and food. However, as wages are supposed to keep up with rising prices, it is yet to be seen if it is enough to make a difference in ordinary people’s lives. However, progress is definitely being made with the many increases this year improving the financial wellbeing of workers and providing a boost to economic stability.

You can easily check if you are being paid the right amount as there is a free national minimum wage calculator available on the official Government's website which offers guidance and advice regarding what you should be getting paid as well as a variety of other valuable services and information.

Weekly newsletter
Sign up to our newsletter to keep updated with the latest insights for the freshest trends and know-how in the career realm.
By submitting, you are agreeing to receive our weekly newsletter. You can unsubscribe at any time if you no longer wish to receive these updates.
Read about our privacy policy.
Thank you! You're now subscribed to the latest news from The UK Careers Fair.
Oops! Something went wrong while submitting the form.

Latest News

Dive into our latest insights for the freshest trends and know-how in the career realm, updated daily.
Interview Advice

Relax! It’s An Informal Interview!

Joanna Clare
|
Content Manager
June 21, 2024
5 min read
Graduate Advice

Joining Clubs And Societies At University

Joanna Clare
|
Content Manager
June 21, 2024
5 min read
Business Advice

Necessity Of Digital Transformation For Small Businesses

Joanna Clare
|
Content Manager
June 19, 2024
5 min read

Upcoming Events

Check out our full and comprehensive list of upcoming events.

Liverpool Careers Fair
August 1, 2024
Manchester Careers Fair
August 2, 2024
York Careers Fair
August 7, 2024
Bristol Careers Fair
August 7, 2024
Darlington Careers Fair
August 8, 2024
Exeter Careers Fair
August 8, 2024
Southampton Careers Fair
August 9, 2024
Harrogate Careers Fair
August 9, 2024
Brighton Careers Fair
August 14, 2024
Loughborough Careers Fair
August 14, 2024
Reading Careers Fair
August 15, 2024
Milton Keynes Careers Fair
August 16, 2024
Swansea Careers Fair
August 21, 2024
Portsmouth Careers Fair
August 21, 2024
Doncaster Careers Fair
August 22, 2024
Worcester Careers Fair
August 22, 2024
Inverness Careers Fair
August 23, 2024
Sunderland Careers Fair
August 28, 2024
Preston Careers Fair
August 28, 2024
Middlesbrough Careers Fair
August 29, 2024
Wigan Careers Fair
August 29, 2024
Carlisle Careers Fair
August 30, 2024
Hull Careers Fair
August 30, 2024
Shrewsbury Careers Fair
August 30, 2024
Guildford Careers Fair
August 30, 2024
Colchester Careers Fair
September 4, 2024
Bradford Careers Fair
September 4, 2024
 TAKE ME THERE