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What is the minimum wage yearly salary in the UK? (Q&A)

Understanding the minimum wage yearly salary The National Minimum Wage in the UK is the lowest possible pay that employees can earn on an hourly basis. Therefore, your minimum wage per annum can work out to the equivalent of the minimum hourly wage. The UK Labour Government introduced the National Minimum Wage Act in 1998.

National Minimum Wage and National Living Wage rates - GOV.UK

These rates are for the National Living Wage (for those aged 21 and over) and the National Minimum Wage (for those of at least school leaving age). The rates change on 1 April every year. 21 and over

What is your annual salary on the National Minimum Wage?

The below salaries are based on the National Living Wage for 18-20 years, with the standard full time working hours: Current salary 31st March 2025. 40 hours per week: £8.60 x 40 x 52 = £17,888 per annum (pre tax) 37.5 hours per week: £8.60 x 37.5 x 52 = £16,770 per annum (pre tax) Salary from April 1st 2025

Minimum wage to rise to £12.21 an hour next year - BBC News

For 18 to 20-year-olds, the minimum wage will rise from £8.60 to £10. This means someone on a 37.5 hour week would earn £19,552 a year, up from £16,815. However only a minority of people in ...

What is the minimum wage in the UK? Everything you need to know

Minimum Wage in the UK for 2024 & 2025 Current Minimum Wage Rates. Effective from 1 April 2024: National Living Wage (21+): £11.44/hour (9.8% increase from 2023) 18–20-year-olds: £8.60/hour; Under 18: £6.40/hour; Apprentices: £6.40/hour (if under 19 or in their first year) Accommodation Offset: £9.99/day (deduction for employer-provided ...

National Minimum Wage - MoneySavingExpert

The minimum wage rates increase each year on 1 April, and you'll also see an increase when you turn 18 and 21 (when you start to get the confusingly-named 'national living wage'). In previous years, you had to be 23 or older to get the top rate of minimum wage. But in April 2024, the threshold was changed to those aged 21 and older.

Minimum Wage in The United Kingdom: Rates, Trends & Compliance

As of April 1, 2025, the UK's National Minimum Wage (NMW) and National Living Wage (NLW) are as follows: £12.21 per hour for workers aged 23 and over (NLW), £10.00 per hour for workers aged 18–20, and £7.55 per hour for workers under 18 and apprentices in their first year (NMW).

National Minimum Wage UK 2025: All You Need to Know - Factorial

The minimum wage UK and the living wage UK change in April every year. Both are increasing in April 2025. Find all of the details here. ... The national minimum wage 2024 will be £8.60 per hour for 18-20 year olds and £6.40 per hour for 16-17 year olds. Effective April 2025, minimum wage for both age groups will increase to £7.55 and £ ...

The National Minimum Wage in 2024 - GOV.UK

This fulfils a recommendation the LPC made in 2019 and will see the minimum wage for 21-22 year olds increase by 12 per cent. ... (for 16-20 year olds) relative to the adult rate, UK, ...

National Minimum Wage Rates 2023 UK Salary & Pay Guide - Safe Workers

Cost of living has been a very great concern in the UK in recent times. The Minimum Wage rate does take inflation into account, but it is set annually based on recommendations by the Low Pay Commission. In 2022 the minimum wage rate was: For ages 16 and 17: £4.62. For ages 18 to 20: £6.83. For ages 21 to 22: £9.18. For ages 23 and over: £9.42

The National Minimum Wage in 2025 - GOV.UK

Page 8 left chart: LPC data on historic minimum wage rates. For 2016 and 2017, the growth rates use the minimum wages in the previous April as the base, instead of the most recent minimum wage rates set in the preceding October. Page 8 middle chart: LPC data on historic minimum wage rates. The 18-20 Year Old Rate has existed since October 2010;

Minimum wage for different types of work - GOV.UK

Minimum wage rates for different types of paid employment - time work, output work, unmeasured work, salaried hours work. Minimum wage for different types of work: Paid an annual salary - GOV.UK ...

Minimum Wages in the UK: Everything You Need to Know

Next year’s rate, announced by the UK’s new Labour government’s current chancellor of the exchequer, Rachel Reeves, is £12.21 (around $15.53). This will come into effect on April 1, 2025. ... Let’s see how the UK’s minimum wage compares to other countries in Europe: Country Minimum Wage per Hour (2024) UK: €13.75 ($14.48) Ireland ...

How much have the National Minimum Wage and National Living Wage gone ...

For 16 and 17-year-olds, the National Minimum Wage rose from £6.40 an hour to £7.55, an 18% increase. ... The Living Wage Foundation said wage was worth £2,262 more per year in the UK than the ...

What is your annual salary on the National Living/Minimum Wage for 2025?

The below salaries are based on the National Living Wage for 18-20 years, with the standard full time working hours: Salary for 2025. 40 hours per week: £10.00 x 40 x 52 = £20,800 per annum (pre tax) 37.5 hours per week: £10.00 x 37.5 x 52 = £19,500 per annum (pre tax)

United Kingdom (UK) National Minimum Wage - NMW 2024

In 2024, the national minimum wage in United Kingdom remained fixed at €2,230.9 per month, that is 26,771 euros per year, taking into account 12 payments per year. If we look at the minimum salary in British pounds, which is the official currency in United Kingdom, we can see that, this year, it was 1,938.8 British pounds and accordingly, the national minimum wage has been raised 172.5 ...

What you need to know ahead of the rise of the Government's National ...

We hear time and time again of the positive difference it makes. As of April 2025 when the new minimum wages come into effect, UK workers on the real Living Wage will still receive £760.50 a year more than the legal minimum, rising to £3,198 a year in London.

2025 UK Minimum Wage Update, Find Out the New Earnings for Workers

Details of the 2025 Wage Changes National Living Wage (21 and Over) Workers aged 21 and above will benefit from a 6.7% increase, bringing the hourly rate to £12.21 from the previous £11.44.. Annual Impact: . A full-time worker (37.5 hours per week) will see their yearly earnings rise from £22,918 to £24,441—an increase of approximately £1,523. ...

National Minimum Wage Increase from April 2024

This is the first time the living wage has risen by more than £1. According to the Treasury this will equate to more than an extra £1,800 per year for those on full time contracts. For a full time worker on the living wage, you will see an annual salary of: 37.5 hours x £11.44 x 52 weeks = £22,308 per annum

What is the minimum wage - National Minimum Wage - Acas

The government reviews minimum wage rates every year and they're usually updated in April. Check when rate increases must be paid. Who gets the apprentice rate. An apprentice is entitled to be paid at least the apprentice rate if they're either: under 19; 19 or over, and in the first year of their current apprenticeship agreement