New National Minimum Wage Announced - Taking Effect as of April 1st 2022
Posted on 27th October 2021 at 11:42
The Government has annoucned that as of April 1st 2022, the National Minimum Wage will be increasing. Workers on the minimum wage are set to get a pay boost from April, with the rate for those aged over 23 rising to £9.50 an hour from £8.91.
The rise means a full-time worker will get £1,074 extra a year before tax.
The government has faced pressure to help low-paid, younger workers, who are among the worst hit by the pandemic.
The 6.6% increase in the minimum pay rate for those aged over 23 - known as the National Living Wage - is more than twice the current 3.1% rise in the cost of living.
Summary - What are all the details?
Minimim Wage increase as of April 1st 2022:
National Living Wage for over-23s: From £8.91 to £9.50 an hour
National Minimum Wage for those aged 21-22: From £8.36 to £9.18
National Minimum Wage for 18 to 20-year-olds: From £6.56 to £6.83
National Minimum Wage for under-18s: From £4.62 to £4.81
The Apprentice Rate: From £4.30 to £4.81
Published by Callum Williams - Business Adminstrator and Marketer
Sources
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