We work with all sorts of clients, from large corporations to small start-ups and families, providing a truly personal service to each and every one.


From academies and agriculture to travel and tourism, our clients come from all corners of business. Our team of experts provides experience and advice to businesses in a variety of sectors.

About us

Forrester Boyd is one of the largest independent chartered accountancy practices in Lincolnshire and the Humber region. Our focus on people, both clients and employees, is at the heart of our success.

Meet the team


Now based in six offices across Lincolnshire and the Humber region, our teams are perfectly placed to work closely with you. Please don't hesitate to get in touch.

National Living and Minimum Wages increases - challenging for employers

  • 14th December 2023

Minimum wage rates will see substantial increases from 1 April 2024 – welcome news for younger workers and apprentices, but not so much for those employers who are struggling in the current economic climate.

Not only are the wages increasing, but the eligibility for the National Living Wage is to be extended by reducing the age threshold so that 21 and 22-year-olds are included causing financial headaches for some businesses.

Current and future rates of National Living/Minimum Wage are:


From 1 April 2024







23 and over


21 and over



21 to 22



18 to 20


18 to 20



Under 18 and apprentices


Under 18 and apprentices



Employers can only pay the apprentice rate if the apprentice is aged under 19 or, if older, is in the first year of their apprenticeship. Apprentices over 19 who have completed the first year of their apprenticeship must be paid the rate for their age.

The provision of accommodation is the only benefit counting towards the National Living/Minimum Wage, with the maximum offset from 1 April 2024 set at £9.99 a day (£69.93 a week).

Real Living Wage

Some 14,000 employers – covering over 460,000 employees – now pay the Real Living Wage. This is on a voluntary basis, with the Real Living Wage independently calculated based on actual living costs.

  • The current hourly rate of Real Living Wage outside of London is £12, so – with the latest increase – the National Living Wage is not far off parity.
  • Where the government’s rate falls down, however, is for London-based employees where a Real Living Wage of £13.15 is deemed necessary due to the higher costs of working and living in the capital.

Also, the National Living Wage covers employees aged 21 and over, but the Real Living Wage applies from age 18.

HMRC’s National Living and Minimum Wage calculator for employers can be found here or download our handy poster here.

All data and figures referred to in our news section are correct at the date of publishing and should not be relied upon as still current.