Tag: Living Wage

National Minimum Wage and National Living Wage rates

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). The rates change on 1 April every year.

	23 and over	21 to 22	18 to 20	Under 18	Apprentice
April 2022 (current rate)	£9.50	£9.18	£6.83	£4.81	£4.81
April 2023	£10.42	£10.18	£7.49	£5.28	£5.28

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

More information and examples can be found here

Changes to National Insurance Contributions

From April 2016, the Employment Allowance will rise from £2,000 to £3,000.

The Employment Allowance give businesses and charities a cut in the employer National Insurance they pay.

This means that, next year, businesses and charities will be able to employ 4 people full time on the National Living Wage and pay no National Insurance at all!