National Minimum Wage Rates 2024/25. The spring budget announcement included a reduction of the main rate of employee national insurance for the 2024/25 tax year. Here’s what the new rates look like for employees in 2024.

A 9.8 per cent, increase to the nlw for those aged 21 and over (from £10.42 to £11.44 per hour) a 14.8 per. The highest rate of the nmw, currently £11.44 an hour for 2024/25, set by the government, and must be paid to all workers aged 21 and over.