In his comprehensive spending review today (25 November) Rishi Sunak has confirmed that the National Living Wage (NLW) and National Minimum Wage (NMW) rates will continue to increase and will come into force from April 2021.
The NLW will increase by 2.2 per cent from £8.72 to £8.91, and will be extended to 23 and 24-year-olds for the first time.
|
Rate from April 2020 |
Rate from April 2021 |
Increase |
|
|
National Living Wage |
£8.72 |
£8.91 |
2.2% |
|
21-24 Year Old Rate |
£8.20 |
£8.36 |
2.0% |
|
18-20 Year Old Rate |
£6.45 |
£6.56 |
1.7% |
|
16-17 Year Old Rate |
£4.55 |
£4.62 |
1.5% |
|
Apprentice Rate |
£4.15 |
£4.30 |
3.6% |
|
Accommodation Offset |
£8.20 |
£8.36 |
2.0% |
https://www.gov.uk/government/news/national-living-wage-increase-to-protect-workers-living-standards
Should you have any queries on the above or require any employment related advice, please contact Helen Crossland at [email protected] or on 020 7725 8034 or Fiona Mendel at [email protected] or on 020 7725 8033.