The Chancellor, Philip Hammond, has announced the new increased rates of National Living Wage and National Minimum Wage. The increases will affect 2.4 million workers.
From April 2019, minimum pay rates will increase as follows:
- National Living Wage (workers aged 25+) – from £7.83 to £8.21 per hour
- National Minimum Wage rates:
- Workers aged 21-24 – from £7.38 to £7.70 per hour
- Workers aged 18-20 – from £5.90 to £6.15 per hour
- Workers aged 16-18 – from £4.20 to £4.35 per hour
- Apprentice rate – from £3.70 to £3.90 per hour
A full-time worker aged 25 and over will receive an annual pay increase of £690.
For more information, please contact the Peninsula Advisory Department today