National Minimum Wage Increase – 1 April 2020
The new National Minimum Wage being introduced this year will see low-paid workers earn almost a thousand pounds more per year.
The new rate of pay will come into effect on 1 April 2020, with a rise from £8.21 to £8.72 for workers over the age of 25, marking an increase of 6.2%.
|Year||25 and over||21 to 24||18 to 20||Under 18||Apprentice|
|April 2019 (current rate)||£8.21||£7.70||£6.15||£4.35||£3.90|
It means a full-time worker aged 25 or over who receives the National Minimum Wage will get a pay rise of £930 per year.
Further information can be found by visiting https://www.gov.uk/national-minimum-wage-rates.
CFS Redundancy Payments Ltd