2020 National Minimum Wage & National Living Wage Rate Increases

 

 

From NFF Admin

In category - News

March 10, 2020

The increased rates were recommended by the Low Pay Commission, an independent body that advises the government about the National Living Wage and the National Minimum Wage.


The National Living Wage (for over 25-year olds) will increase 6.2% from £8.21 to £8.72.


The National Minimum Wage will rise across all age groups, including:


• 6.5% increase from £7.70 to £8.20 for 21-24-year olds
• 4.9% increase from £6.15 to £6.45 for 18-20-year olds
• 4.6% increase from £4.35 to £4.55 for Under 18s
• 6.4% increase from £3.90 to £4.15 for Apprentices


The £930 increase in annual earnings compares the gross annual earnings of a person working 35 hours per week on the new NLW rate from April (£8.72) versus the 2018/19 NLW rate (£8.21). The £3,680 increase in annual earnings compares the gross annual earnings of a person working 35 hours per week on the new NLW rate from April (£8.72) versus the 2015/16 minimum wage rate (£6.70).


For more information and guidance visit www.gov.uk/national minimum wage.

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