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Minimum Wage Increases – Big Fish Financial Services
 

Minimum Wage Increases

April 1, 2021by Sam Hosegood

National Minimum Wage and National Living Wage rates

As of today, much like the 1st April every year, the national minimum wage and national living wages have increased:

Current rates

These rates are for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age)

23 and over 21 to 22 18 to 20 Under 18 Apprentice
April 2021 £8.91 £8.36 £6.56 £4.62 £4.30
Apprentices

Apprentices are entitled to the apprentice rate if they’re either:

  • aged under 19
  • aged 19 or over and in the first year of their apprenticeship

Apprentices are entitled to the minimum wage for their age if they both:

  • are aged 19 or over
  • have completed the first year of their apprenticeship
Previous rates

The following rates were for the National Living Wage (previously for those aged 25 and over) and the National Minimum Wage (for those of at least school leaving age) from April 2016.

From 1 April 2021 the National Living Wage was extended to 23 and 24 year olds.

25 and over 21 to 24 18 to 20 Under 18 Apprentice
April 2020 to March 2021 £8.72 £8.20 £6.45 £4.55 £4.15
April 2019 to March 2020 £8.21 £7.70 £6.15 £4.35 £3.90
April 2018 to March 2019 £7.83 £7.38 £5.90 £4.20 £3.70
April 2017 to March 2018 £7.50 £7.05 £5.60 £4.05 £3.50
October 2016 to March 2017 £7.20 £6.95 £5.55 £4.00 £3.40
April 2016 to September 2016 £7.20 £6.70 £5.30 £3.87 £3.30

If you need any help implementing or managing payroll, don’t hesitate to get in touch with us.