The national living wage, the statutory national minimum wage for those aged 25 and over, will increase 4.9% from 1 April 2020, from £8.21 to £8.72.
- Annual pay rise of up to £930 for a full time worker.
- National Living Wage (NLW) increasing from £8.21 to £8.72.
- New NLW rate starts on 1 April 2020 and applies to over 25 years olds.
Low-paid workers will receive a 6.2% pay rise with a new National Living Wage (NLW) of £8.72 per hour, the biggest cash increase ever, the Government has announced today.
Nearly 3 million workers are set to benefit from the increases to the NLW and minimum wage rates for younger workers, according to estimates from the independent Low Pay Commission. The rise means Government is on track to meet its current target for the NLW to reach 60% of median earnings by 2020.
The new rate starts on 1 April 2020 and results in an increase of £930 over the year for a full-time worker on the National Living Wage. Younger workers who receive the National Minimum Wage will also see their pay boosted with increases of between 4.6% and 6.5%, dependant on their age, with 21-24 year olds seeing a 6.5% increase from £7.70 to £8.20 an hour.