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 |
| April 2020 | £8.72 | £8.20 | £6.45 | £4.55 | £4.15 |
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.
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CFS Redundancy Payments Ltd