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National Minimum Wage


National Minimum Wage rates and National Living Wage rates effective from 1 April as applicable:


W Ratourly rate – from 1.10.2010 Current rate – from 1.10.2009

 








 













 












Prepared by: VADVA & PICKERING LTD, Chartered Certified Accountants. E&OE. The above is prepared in good faith without any responsibility on our part. Reference to the full legislation should be obtained in uncertain circumstances.


Rates

rate per hour

1.4.22 - 31.3.23

rate per hour

1.4.21 - 31.3.22

Notes

Rate for workers aged 23 and over (NLW)

£9.50

£8.91

From 1.4.2021 the NLW applied to all workers aged 23 and over. In previous years, it applied only to workers aged 25 and over

Rate for workers aged 21-22 inclusive

£9.18

£8.36

Rate for workers aged 18-20 inclusive

£6.83

£6.56

Rate for workers aged under 18

£4.81

£4.62

Apprentice rate (aged 16-18 or over 19 and in first year of apprenticeship) - after that paid at rate applicable to age


£4.81

£4.30

The NMW is the BASIC PAY, including bonuses or commission, but excluding overtime or shift work and excludes deductions for expenses linked to the job such as uniforms, transport or agency fees or benefits in kind such as meals, car or fuel benefits,  pension contributions and medical insurance.  Tips are also excluded.


However, employers can deduct accommodation up to £8.36 per day for 2022/23 (£8.36 2021/22) and the offset will not apply to students on further or higher education courses. Other rules also apply - link accommodation



EXCEPTIONS - NMW does not apply to the following:

Resources

For more information visit     https://www.gov.uk/national-minimum-wage

National Minimum Wage calculator - https://www.gov.uk/am-i-getting-minimum-wage

National Minmum Wage helpline - 0845 6000 678  (P.S. Reference to the full legislation should be made in uncertain circumstances)

From November 2021, the minimum wage levels set by the Living Wage Foundation for all employees aged over 18 will be £9.90 per hour (London rate: £11.05 per hour).



The effect of the increase in the National Living Wage from £8.91 to £9.50 is set out in the table opposite for those over aged 23 and over. It shows the equivalent annual salary for an employee being paid the National Living Wage at different weekly hours worked, comparing the new rates from 1.4.22-31.3.23 with the rates from 1.4.21-31.3.22.


Effect of change in salary for worker aged 23 and over from 1.4.2022

No of hours worked by worker

1.4.22-31.3.23

1.4.21-31.3.22

Increase-£

Increase-%

Equivalent annual salary £9.50 per hr

Equivalent annual salary £8.91 per hr

42.5

£20,995

£19,691.10

£1,303.90

6.62%

40

£19,760

£18,532.80

£1,227.20

6.62%

37.5

£18,525

£17,374.50

£1,150.50

6.62%

35

£17,290

£16,216.20

£1,073.80

6.62%