Exact date millions of workers across UK will get £1,000 pay boost

08 November 2023 , 09:53

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National Living and minimum wage will increase next year (Image: PA)

Millions of workers across the UK will see their wages rise next year - adding an extra £1,000 to their pay.

It was confirmed at the Tory Party Conference this year that the National Living Wage was to rise again from next year. The National Living Wage is the legal minimum wage businesses pay workers aged 23 and over for each hour they work. Currently, the rate of pay stands at £10.42 an hour - but from next April this will rise to £11.

The rates which workers are paid - both for the National Living Wage and National Minimum Wage - are decided each year by the Government and are based on the advice by the independent advisory group, the Low Pay Commission (LPC). The new rates would see the yearly pay for a full time worker rise by around £1,000 however, how much you earn over the course of the year is dependent on how many hours are worked and how much you're taxed - so you would receive less if you worked fewer hours one month.

The Government also claim the increase will see a full-time worker on the National Living Wage be over £9,000 better off than they would have been in 2010. However, it's important to note that everyday expenses cost far more now than they did over a decade ago. With the way things are currently run, the exact date workers being paid the National Living Wage will see the increase will be from April 1.

Alongside the National Living Wage, the National Minimum Wage will also increase from April 1 - however these figures have yet to be announced. The National Minimum Wage is the rate businesses pay those under the age of 23 and it is tired depending on your age. This means you are paid less the younger you are.

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Apprentices are also paid a different rate to the National Minimum Wage. They are entitled to the apprentice rate if they’re under 19, or in the first year of their apprenticeship. The current rates are:

• 21 to 22 - £10.18
• 18 to 20 - £7.49
• Under 18 - £5.28
• Apprentice - £5.28

The Chancellor will likely detail the rises in these pay rates in the Autumn Statement this month. This will be taking place on November 22.

Ruby Flanagan