Search

HOORAY! Minimum Wage Increase!

April 1st 2018 - put your date in the diary as that's the day the national minimum wage increases, and will rise as follows:


  1. £4.20 for under 18's who are no longer of compulsory school age.

  2. £5.90 an hour for those aged 18-20

  3. 21-24 year olds will now receive a minimum of £7.38 per hour

  4. For workers aged 25 and over, pay will increase to £7.83 an hour.

  5. 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.



For more information on the national minimum wage take a look at their website:

http://www.minimum-wage.co.uk/






41 views