Draft regulations to increase the National Minimum Wage published

Source: The National Archives | | 05/02/2020

The draft National Minimum Wage (Amendment) Regulations 2020 have been laid before Parliament and are due to come into force on 1 April 2020. The regulations will increase the various rates of the National Minimum Wage (NMW) and National Living Wage (NLW) as follows:

  • the NLW rate for workers aged 25 and over will rise from £8.21 to £8.72 per hour
  • the NMW standard rate for workers aged 21 to 24 will rise from £7.70 to £8.20 per hour
  • the NMW development rate for workers aged 18 to 20 will rise from £6.15 to £6.45 per hour
  • the NMW young workers rate for those aged 16 and 17 will rise from £4.35 to £4.55 per hour
  • the NMW apprentice rate for apprentices under 19 years of age or those aged 19 and over but in the first year of their apprenticeship will rise from £3.90 to £4.15 per hour
  • the daily offset for the provision of living accommodation will rise from £7.55 to £8.20 per day.


 

Latest News

Breathing space to help those in debt
11/02/2020 - More...
HM Treasury has confirmed that the new 'breathing space' scheme to help those with problem debts will become

Scottish Income Tax rates announced 2020-21
11/02/2020 - More...
Public finance minister Kate Forbes delivered her first Budget statement to the Scottish Parliament on 6 February 2020.

Still time to utilise annual tax-free allowance
11/02/2020 - More...
We would like to remind our readers that there is still time to use the annual exemption for Capital Gains Tax (CGT). In

Search News


Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login