Workers set to benefit from increases in National Minimum and Living wages

01 Apr 2021

UK workers are set to benefit from rises in the National Minimum Wage (NMW) and the National Living Wage (NLW) rates that take effect from 1 April 2021.

The NMW has risen from £8.20 to £8.36 and the NLW has risen from £8.72 to £8.91. 23 and 24-year-olds are now eligible for the NLW – prior to 1 April 2021, only workers aged 25 and over were eligible.

The change follows recommendations made to the government by the Low Pay Commission (LPC), and marks the first step towards the government's target of the NLW reaching two-thirds of median earnings for workers aged 21 and over by 2024.

Commenting on the wage increases, Bryan Sanderson, Chair of the LPC, said: 'This week's increase in the NLW is our first step towards the government's target of two thirds of median earnings. It is a real-terms increase, meaning that an hour's work can buy more than it could last year at the start of the pandemic.

'Young people should be fairly rewarded for their work. We will seek to understand how young people's pay and employment are affected by this in our consideration of a further reduction in the NLW age qualification to 21.'

The LPC will make recommendations to the government on the 2022 NMW and NLW rates in October.

Client Testimonials

We at PORT Accountants in North Wales pride ourselves on our excellent level of service and advice. Here are just a few of PORT Accountants’ reviews and testimonials from our happy customers:

Home | Contact us | Accessibility | Disclaimer | Privacy Notice | Help | Site map |
© 2021 Parker O'Regan Tann & Co. All rights reserved.
Parker O'Regan Tann & Co, Bangor Business Centre, 2 Farrar Road, Bangor LL57 1LJ
Parker O'Regan Tann & Co, 17 Wynnstay Rd, Colwyn Bay, Conwy LL29 8NB

We use cookies on this website, you can find more information about cookies here.

Registered as auditors and requlated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants