National minimum wage changes from 1 April 2022

The living wage rate for workers aged 23 or over increases to £9.50 per hour (previously £8.91).

The national minimum wage rate for workers aged 21 to 22 increases to £9.18 per hour (previously £8.36).

The rate for workers aged 18 to 20 increases to £6.83 per hour (previously £6.56).

The rate for workers who are under 18 but above the compulsory school age (and not apprentices) increases to £4.81 per hour (previously £4.62).

The apprentice rate for workers aged under 19 or in the first year of an apprenticeship also increases to £4.81 per hour (previously £4.30).

Employers should budget and prepare for the new rates, from 1 April 2022.

Fincrest is a firm of Chartered Accountants operating digitally and helping small business owners to grow their businesses and minimise their tax liabilities.



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