WHAT THE: April wage increase means for you.
On April 1st 2019 the National Minimum Wage and National Living Wage rose across the UK, leaving approximately 4 million people due a pay rise.
To kick things off, let’s confirm the basics. The difference between the National Minimum Wage, the National Living Wage and who they affect.
The National Living Wage is the statutory national minimum wage for those aged 25 and over. This has recently increased by 4.9% from £7.83/hr to £8.21/hr.
But what if you are under 25 or an apprentice?
For those under the age of 25 or an apprentice the National Minimum Wage or Apprenticeship Wage may apply to you.
- the rate for 21- to 24-year-olds is £7.70 per hour;
- the rate for 18- to 20-year-olds is £6.15 per hour;
- the rate for 16- to 17-year-olds is £4.35 per hour;
- the rate for apprentices has risen by 5.4% from £3.70 to £3.90 per hour.
So, do you know what to expect in your April pay cheque?
When announcing the increase in the Budget, the chancellor Philip Hammond said: “From April the National Living Wage will rise again, handing a full-time worker a £690 annual pay increase.”
What should you take away from all of this?
Depending on your age, your hourly pay will go up to either: £8.21, £7.70, £6.15, £4.35. If you are an apprentice – £3.90 per hour.
If you are still unsure if these increased affect you, be sure to speak to your employer.