This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Reminder: National Living Wage set to increase from April
15 January 2020

On 1 April 2020 the Government will introduce increases to the National Living and Minimum Wage.

From this date the National Living Wage (NLW) will rise from £8.21 to £8.72 per hour and will mean that 2.8 million full-time workers will see a £930 boost to their annual earnings.

The Government claims that the introduction of the NLW, which is available to those aged 25 and over, has delivered the fastest pay rise for the lowest earners in 20 years.

From April workers who are paid the National Minimum Wage (NMW) will also see their pay increase. The table below outlines the new rates of pay:

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

April 2020

£8.72

£8.20

£6.45

£4.55

£4.15


As well as increasing the NLW, the Chancellor Sajid Javid has said that the Government intends to expand the reach of the NLW to cover workers aged 23 and over from April 2021, and to those aged 21 and over within five years.

Link: National Minimum Wage and National Living Wage rates

Other recent news

Autumn Budget 2025
26 November 2025

The Government faced a difficult job going into the Autumn…
Read more

The signs of digital wallet abuse you need to look out for
05 November 2025

Digital wallet abuse is on the rise as criminal networks…
Read more

Preparing for Plan 5: The newest student loan payment structure
05 November 2025

Students who started their undergraduate and advanced learner loan courses…
Read more

The UK’s residency rules explained – Six months on from the change
05 November 2025

In April 2025, the UK’s ‘non-domicile regime’ was replaced with…
Read more

Bank and building society interest – What needs to be reported under Self Assessment?
05 November 2025

HMRC has confirmed it is changing the way it will…
Read more

»

Case Studies