Once again, the minimum wage for everyone is going up from the 1st of April 2022, and the changes are below:
The National Living Wage (23+) - From £8.91 to
£9.50 per hour (Increase of
59p per hour)
21-22 Year old rate - From £8.36 to
£9.18 per hour (Increase of
82p per hour)
18-20 Year old rate - From £6.56 to £6.83 per hour (Increase of 27p per hour)
16-17 Year old rate - From £4.62 to £4.81 per hour (Increase of 19p per hour)
Apprentice rate - From £4.30 to
£4.81 per hour (Increase of
51p per hour)
Everyone should also note that from the 6th of April 2022, the Health & Social Care levy comes into force, by adding a further 1.25% to Employee's NI (Up to 13.25%), Employer's NI (Up to 15.05%), self-assessment profits (Up to 10.25%)