Minimum Wage levels from April 2021

From April 2021, the National Living Wage (NLW) will be the statutory minimum wage for workers aged 23 and over. It currently applies to workers aged 25 and over. The reduction in the NLW age threshold follows a review of the structure of the National Minimum Wage youth rates and recommendations made by the Low Paid Commission in autumn 2019. The threshold will further reduce to 21 by 2024.

 

The published rates for 2020-21 are:

 

 

 

 

National Living Wage

 

£8.91

 

21-22 Year Old Rate

 

£8.36

 

18-20 Year Old Rate

 

£6.56

 

16-17 Year Old Rate

 

£4.62

 

Apprentice Rate

 

£4.30

 

Accommodation Offset

 

£8.36

 

Share:

Share on facebook
Share on twitter
Share on pinterest
Share on linkedin
Accounting in Sheffield and Doncaster Certificates

Recently Added News

Challenges for 2021-22

The new tax year starts 6 April 2021, and without dwelling too much on the historical trickery that has landed us with this odd commencement

Read More »

Related News

Recently self-employed?

If you became self-employed after 5 April 2019 and you have submitted your 2019-20 tax return before 2 March 2021, you may be eligible for

Super-deductions, what are they?

Perhaps the most innovative give-away in the recent budget was “Super-deductions for investment expenditure”. What does this mean? Companies that invest in qualifying plant and

Quick Links