Minimum wage

National Minimum Wage rates apply to employees up to the age of 20 (22 before 1 April 2024).

National Living Wage (NLW) rates apply to employees 21 and over (23 and over before 1 April 2024).

The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.

Penalties apply to employers who fail to pay minimum wages.

Age NLW 21-22 18-20 16-17 Apprentice
From 1 April 2024 £11.44 n/a £8.60 £6.40 £6.40
From 1 April 2023 £10.42 £10.18 £7.49 £5.28 £5.28
About us

KBM UK Limited was established in 1987 as an accountancy practice offering quality business and accountancy solutions to owner managed businesses in London and surrounding areas.

Since inception, KBM has continuously raised the bar of its vision, expertise and technology to keep it abreast with the ever changing market trends.

Contact details

020 8992 9090

Accountants in Acton : KBM UK Limited, 1 Concord Business Centre , Concord Road , Acton, London W3 0TJ
Accountants in Luton : KBM UK Limited, 64 Alma Street, Luton, Bedfordshire LU1 2PL

Reg No : 05126385 | Reg Office : Acton office above

We are registered as auditors by the Association of Chartered Certified Accountants in the UK and details of our registration can be found on the Audit Register under registration number 1065993

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