Hmrc Minimum Wage 2024/25. The national minimum wage (nmw) rate of £10.18 will increase to the living wage rate of £11.44 (a 12.38% and £1.26 increase) As an employer, staying informed about the national minimum (nmw) and national living wage (nlw) rates is crucial.

According to an investigation by hmrc carried out between 2015 and 2023, 39% of employees deducted pay from workers’ wages. The national living wage has been changed to include those 21 and over.