2 weeks ago
New Rates of National Minimum Wage
A brief reminder of forthcoming increases to the National Minimum Wage and other employment rates
From 1 April 2021, the National Minimum Wage increases as follows:
|National Living Wage (now age 23+)||£8.72||£8.91|
|Adult rate (now age 21-22)||£8.20||£8.36|
|Development rate (age 18-20)||£6.45||£6.56|
|Young workers rate (age 16-17)||£4.55||£4.62|
The adult rate previously applied to those aged 21-24, with the National Living Wage applying to those age 25 and over. From 1 April 2021 the adult rate only applies to those aged 21-22, with anyone age 23 and over receiving the National Living Wage.
The National Minimum Wage does not apply to furlough payments.
From 4 April 2021, the weekly rate of statutory maternity, paternity and adoption pay will increase to £151.97.
Finally, from 6 April 2021, the cap on one week’s pay for calculating statutory redundancy payments will increase from £538 to £544.