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CLIENTS page
CLIENTS page
National Minimum Wage rates and National Living Wage rates effective from 1 April as applicable:
W Ratourly rate – from 1.10.2010 Current rate – from 1.10.2009
Prepared by: VADVA & PICKERING LTD, Chartered Certified Accountants. E&OE. The above is prepared in good faith without any responsibility on our part. Reference to the full legislation should be obtained in uncertain circumstances.
Rates |
rate per hour1.4.25 - 31.3.26 |
rate per hour1.4.24 - 31.3.25 |
Notes |
Rate for workers aged 21 and over (NLW) |
£12.21 |
£11.44 |
The National Living Wage now applies to all workers aged 21 and over |
Rate for workers aged 18-20 inclusive |
£10.00 |
£8.60 | |
Rate for workers aged under 18 |
£7.55 |
£6.40 | |
Apprentice rate (aged 16-18 or over 19 and in first year of apprenticeship) - after that paid at rate applicable to age |
£7.55 |
£6.40 |
EXCEPTIONS - NMW does not apply to the following - not an exhaustive list:
Resources
For more information visit https://www.gov.uk/national-minimum-wage
National Minimum Wage calculator - https://www.gov.uk/am-i-getting-minimum-wage
National Minmum Wage helpline - 0845 6000 678 (P.S. Reference to the full legislation should be made in uncertain circumstances)
From November 2024, the minimum wage levels set by the Living Wage Foundation for employees aged 18 and over will be £12.60 per hour (Nov 23: £12.00). The London rate will be £13.85 per hour (Nov 23: £13.15). The real Living Wage is based on ‘what it actually costs to live’ and is voluntarily paid by over 15,000 UK employers. The Living Wage rates are announced each year around the end of October and employers have 6 months to implement them – by 1.5.2025 for Nov 2024 rates.
The effect of the increase in the National Living Wage from £11.44 to £12.21 is set out in the table opposite for those over aged 21 and over. It shows the equivalent annual salary for an employee being paid the National Living Wage at different weekly hours worked, comparing the new rates from 1.4.2025-31.3.2026 with the rates from 1.4.2024-31.3.2025.
Effect of change in salary for worker aged 21 and over from 1.4.2025 | ||||
No of hours worked by worker |
1.4.25-31.3.26 |
1.4.24-31.3.25 |
Increase-£ |
Increase-% |
Equivalent annual salary £12.21 per hr |
Equivalent annual salary £11.44 per hr | |||
42.5 |
£26,984 |
£25,282 |
£1,702 |
6.73 % |
40 |
£25,397 |
£23,795 |
£1,602 |
6.73 % |
37.5 |
£23,810 |
£22,308 |
£1,502 |
6.73 % |
35 |
£22,222 |
£20,821 |
£1,401 |
6.73 % |