April 1st 2018 - put your date in the diary as that's the day the national minimum wage increases, and will rise as follows:
£4.20 for under 18's who are no longer of compulsory school age.
£5.90 an hour for those aged 18-20
21-24 year olds will now receive a minimum of £7.38 per hour
For workers aged 25 and over, pay will increase to £7.83 an hour.
Apprentice minimum wage: £3.70 per hour
This comes on the back of Philip Hammond's 2017 Budget Speech, where he said that workers would benefit from an increase of 4.7% on the week of the new tax year. This could leave workers as much as £600 better off per year. Which works out as an extra £50 per month, or 33p an hour!
The increase in the national minimum wage comes as the Conservatives attempt to deliver on their promise of £9 per hour for over 25's by 2025.