Minimum Wage Yearly Salary Uk 2024 Lok. National insurance thresholds also went down in january 2024, from 12% to 10%. Employers must ensure that the hourly rate paid meets or exceeds the national minimum wage or national living wage, depending on the worker’s age and status.
Age 21 and over = £11.44. Minimum wage yearly salary uk 2022 40.
£11.44 (Effective April 1, 2024) Weekly Salary For 40 Hours:
£11.44/hour * 40 hours/week = £457.64;
16 Or 17 — Up From £5.28 To £6.40 Per Hour.
Currently this applies to those 23 and over but from the 1st april 2024 anyone 21 and over will be legally entitled to £11.44 per hour.
Minimum Wage Yearly Salary Uk 2024 Lok Images References :
As Nmw Is Divided Into Two Tiers, The Minimum Wage 16 Year Old (Up To 17) Differs From The National Minimum Wage 2024 18 Year Old (Up To 20).
Check if you’re getting paid the national minimum wage.
As Of 2022, Here Are The National Minimum Wage Rates For Different Age Groups:
Workers aged 23 and over ( national living wage*) £10.42.