National Living Wage (NLW) rates (for those over 25 years old) and National Minimum Wage (NMW) rates (for those under 25 years old) are to rise from 1 April 2018.
The NLW increase of 33p represents a 4.4% rise, equivalent to an annual increase of about £600 for a full-time worker.
In summary and effective 1 April 2018 the follow minimum wage rates will apply
|Year||25 and over||21 to 24||18 to 20||Under 18||Apprentice *|
|April 2018 (new rates)||£7.83||£7.38||£5.90||£4.20||£3.70|
* The apprentice rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.
The Government has previously said it plans to raise the national living wage to £9 per hour by 2020.
Ensure your payroll procedures are up to date. For further details and more rates visit gov.uk
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