Published On: Tue, Mar 10th, 2020

Minimum Wage 2020: How much is Minimum Wage in UK? | Personal Finance | Finance

Every year the National Living Wage and the National Minimum Wage changes, usually increasing. This year the National Living Wage will increase by 6.2 percent, while the National Minimum Wage for 21 to 24-year-olds will increase by 6.5 percent.

What is the current National Minimum Wage?

As of April 2019, the National Minimum Wage per hour is as follows:

  • Apprentice – £3.90
  • Under 18 – £4.35
  • 18-20 – £6.15
  • 21-24 – £7.70
  • 25 and over – £8.21

Apprentices are entitled to the minimum wage for their age if they are both aged 19 or over, and they have completed the first year of their apprenticeship.

READ MORE: Minimum wage increase 2020: What is the new National Living Wage?

Although the current Conservative Government is raising the National Living Wage this year, some argue the amount set is not enough to live.

The Living Wage Foundation sets the current ‘real Living Wage’ as £9.30 across the UK.

The Government’s National Living Wage does not have a London-weighting, despite the fact the cost of living is considerably higher in the capital.

In London the organisation believes the wage should be higher at £10.75 per hour.

Source link

About the Author