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National Minimum Wage Rates From April 2018

The national minimum wage and national living wage rates will rise from 1 April 2018.

Eligible workers aged 25 and over who are not in their first year of an apprenticeship will be entitled to the new national living wage rate of £7.83.

Those aged 21-24 will see their hourly wage rise to £7.38.

Apprentices will benefit from a record rise of 5.7%, according to the government, with the hourly apprentice rate increasing to £3.70.

The apprentice rate applies to those aged 16-18 and 19 or over in their first year.

Year25 and over21 to 2418 to 20Under 18Apprentice
April 2017£7.50 £7.05£5.60£4.05£3.50
From 1 April 2018£7.83£7.38£5.90£4.20£3.70

This comes after the government ‘named and shamed’ 179 employers for failing to pay their workers the minimum wage, charging fines of £1.3 million in total.

Andrew Griffiths, business minister, said:

“There are no excuses for short-changing workers.

“This is an absolute red line for this government and employers who cross it will get caught – not only are they forced to pay back every penny but they are also fined up to 200% of wages owed.”

For any help or advice with financial planning talk to RPD

 

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