From April 2021, the National Living Wage (NLW) will be the statutory minimum wage for workers aged 23 and over. It currently applies to workers aged 25 and over. The reduction in the NLW age threshold follows a review of the structure of the National Minimum Wage youth rates and recommendations made by the Low Paid Commission in autumn 2019. The threshold will further reduce to 21 by 2024.
The published rates for 2021-22 are:
|National Living Wage||£8.91|
|21-22 Year Old Rate||£8.36|
|18-20 Year Old Rate||£6.56|
|16-17 Year Old Rate||£4.62|
If you would like to discuss this article in more depth, please contact DSC Accountants today.