On the 1st April 2018, the government will be increasing the National Minimum Wage and the National Living Wage across all age sectors. The minimum wage rates affect more employers than ever and will have a significant impact on UK small businesses and micro businesses.
The two younger age sectors, which are 18-20 and 21-24-year-olds, will be affected the most with the highest increases seen in ten years.
The hourly rate for the minimum wage depends on your age and whether you’re an apprentice.
New rates from April 2018
Current rates for 25 years and over is £7.50. Will increase to £7.83 in April 2018.
Current rates for 21-24 years is £7.05. Will increase to £7.38 in April 2018.
Current rates for 18 – 20 years is £5.60. Will increase to £5.90 in April 2018.
Current rates for under 18 years is £4.05. Will increase to £4.20 in April 2018.
Current rates for an apprentice is £3.50. Will increase to £3.70 in April 2018.
More information can be found on GOV.UK
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