Both the National Minimum Wage and National Living Wage will increase on April 1, 2020.
The National Living Wage, which is the statutory minimum for workers aged 25 and over, will increase by 6.2% to £8.72 per hour.
National Minimum Wage rates for younger workers will also increase above inflation.
As the minimum wage increases more employers than ever will be directly affected, including some of those who currently pay above the minimum.
The following table shows the current rates for the National Living Wage and the National Minimum Wage, these rates change every April.*
|Year||25 and over||21 to 24||18 to 20||Under 18||Apprentice|
|April 2019 (current rate)||£8.21||£7.70||£6.15||£4.35||£3.90|
For further information on this or any other payroll matter contact Lisa McLeod, payroll manager, on 01244 343504.
*Figures from HM Revenue & Customs
**Apprentices are entitled to this rate if they are aged under 19, or aged over 19 and in the first year of their apprenticeship.