Latest news from Simply Accounts & tax

Real Living Wage rates for 2023/24

By paying the real Living Wage, employers are voluntarily taking a stand to ensure their employees can earn a wage which is enough to live on. 

As well as it being the right thing to do, there is a growing body of evidence demonstrating the business benefits of becoming a Living Wage employer.

The Living Wage rates are independently calculated based on the real cost of living in the UK and London.

The new rates for 2023/24 are:

  • £12 per hour UK rate; and
  • £13.15 London rate.
    See: [Real Living Wage increases to £12 in UK and £13.15 in London | Living Wage Foundation](
February 22, 2024