Skilled Worker Visa Salary Threshold Increased (April 2024)

• As part of the UK government’s ongoing efforts to refine immigration policies, significant changes are set to take effect on April 4, 2024, particularly concerning the Skilled Worker Visa. The new rules will see the minimum salary threshold for Skilled Worker Visa applicants increase to £38,700 per annum, up from the previous £26,200. This dramatic rise is intended to better align the salary requirement with the UK’s median wage and to ensure that the visa continues to attract highly skilled individuals while managing immigration levels.

Why the Increase?

• The UK government is keen on tightening immigration policies and promoting skilled migration. The Skilled Worker Visa has been a popular route for businesses to hire international talent, especially after Brexit, which limited access to workers from the EU. The salary increase is meant to reflect 2023 wage data, particularly targeting mid- to high-salary sectors like technology, healthcare, and finance.

Impact on Employers

• For employers, this increase poses a challenge, particularly in sectors where salary levels may not meet the new threshold. Companies will need to reassess their recruitment strategies and salary packages to comply with the new rules. Some sectors, such as healthcare and education, may be exempt from the full threshold, particularly for roles on national pay scales like Health and Care Visas.

Transitional Measures

• The government has introduced transitional measures for those already in the UK on a Skilled Worker Visa. Individuals applying for a job change or visa extension will need to meet a transitional salary requirement of £29,000, ensuring a more manageable increase for existing visa holders.

Conclusion

• The increase in the Skilled Worker Visa salary threshold is a significant development in the UK’s immigration landscape. While it aims to ensure that only highly skilled workers enter the UK, it will require careful planning from businesses to ensure they remain compliant and can still attract the right talent.