Minimum Wage 2020: How much is Minimum Wage in UK?
Every year the National Living Wage and the National Minimum Wage changes. 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.
- Minimum wage increase 2020: How much will minimum wage increase?
When will the National Minimum Wage increase?
The National Minimum Wage will increase in April 2020.
From April 2020, the National Minimum Wage per hour is as follows:
- Apprentice – £4.15
- Under 18 – £4.55
- 18-20 – £6.45
- 21-24 £8.20
- 25 and over – £8.72
Following their landslide election win last year, the Conservatives pledged to significantly increase the wage if it was economically possible.
This year the minimum rate for over 25’s, known as the National Living Wage, will increase by 51p per hour.
Prime Minister Boris Johnson announced the decision to raise the wage in 2019, stating: “Hard work should always pay, but for too long, people haven’t seen the pay rises they deserve.”
He added: “Our Government will put a stop to that, giving nearly three million people from Edinburgh to Eastbourne a well-earned pay rise, including the biggest ever cash boost to the National Living Wage.”
Minimum Wage 2020: Is the Minimum Wage going up this year? [ANALYSIS]
Real Living Wage 2020: What is the real Living Wage in the UK? [INSIGHT]
Minimum wage increase 2020: When is the minimum wage going up? [EXPLAINER]
- Pension: Women facing funding gap of 39 percent when compared to men
What is the National Living Wage?
The National Living Wage was first introduced in 2016, and applies to workers aged 25 and over.
As of April 2020, the National Living Wage will be £8.72 per hour.
However The Living Wage Foundation campaigns for companies to pay employees a ‘real Living Wage’ based on the cost of living, rather than the Government minimum.
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: Read Full Article