The UK Government have announced the rise in the National Minimum Wage and National Living Wage from April 2023.
In full, the increases are:
- National Living Wage (23+) to increase from £9.50 to £10.42
- National Minimum Wage (21-22) to increase from £9.18 to £10.18
- National Minimum Wage (18-20) to increase £6.83 to £7.49
- National Minimum Wage (16-17) to increase £4.81 to £5.28
- Apprenticeship Wage to increase from £4.81 to £5.28
Please select the following link for further information National Minimum Wage and National Living Wage rates - GOV.UK (www.gov.uk)
The Welsh Government encourages all employers that can afford to do so to ensure their employees receive an hourly rate of pay that reflects the costs of living, not just the statutory minimum. The voluntary Real Living Wage is independently calculated based on what people need to get by and is higher than the National Minimum Wage or National Living Wage.
Find out more at the following link Living Wage Wales – For the real cost of living