National Minimum Wage: New rates from April 2020




The National Minimum wage rates will again increase from 1st April 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.


Here are the current and new rates:


Apprentices

Minimum wage is currently £3.90, which will be increasing to £4.15


Under 18

Minimum wage is currently £4.35, which will be increasing to £4.55


18-20

Minimum wage is currently £6.15, which will be increasing to £6.45


21-24

Minimum wage is currently £7.70, which will be increasing to £8.20


25 and over

Minimum wage is currently £8.21, which will be increasing to £8.72


For further information on rates and minimum wage visit https://www.gov.uk/national-minimum-wage-rates

Let's make magic

Get in touch and arrange a free consultation.

Sole Traders

Personal Tax

Small Businesses

Contractors

Landlords

Resources

Blog

Contact

Call 0800 690 6355

email@accounts-wizard.com

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon
  • White LinkedIn Icon

Call 0800 690 6355