Minimum Wage
- National Minimum Wage rates apply to employees up to the age of 20.
- National Living Wage (NLW) rates apply to employees 21 and over.
- The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.
- Penalties apply to employers who fail to pay minimum wages.
| Age | NLW | 18-20 | 16-17 | Apprentice |
| From 1 April 2024 | £11.44 | £8.60 | £6.40 | £6.40 |
- National Minimum Wage rates apply to employees up to the age of 22.
- National Living Wage (NLW) rates apply to employees 23 and over.
- The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.
- Penalties apply to employers who fail to pay minimum wages.
| Age | NLW | 21-22 | 18-20 | 16-17 | Apprentice |
| From 1 April 2023 | £10.42 | £10.18 | £7.49 | £5.28 | £5.28 |
- National Minimum Wage rates apply to employees up to the age of 22.
- National Living Wage (NLW) rates apply to employees 23 and over.
- The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.
- Penalties apply to employers who fail to pay minimum wages.
| Age | NLW | 21-22 | 18-20 | 16-17 | Apprentice |
| From 1 April 2022 | £9.50 | £9.18 | £6.83 | £4.81 | £4.81 |
- National Minimum Wage rates apply to employees up to the age of 22.
- National Living Wage (NLW) rates apply to employees 23 and over.
- The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.
- Penalties apply to employers who fail to pay minimum wages.
| Age | NLW | 21-22 | 18-20 | 16-17 | Apprentice |
| From 1 April 2021 | £8.91 | £8.36 | £6.56 | £4.62 | £4.30 |
Tax Rates & Allowances
- Introduction
- Capital Allowances – Plant And Machinery
- Capital Gains Tax (CGT)
- Car Benefits
- Car Fuel Benefit
- Cars – Advisory Fuel Rates For Company Cars
- Child Benefit
- Corporation Tax Rates
- Employee’s Statutory Payments
- Income Tax Allowances
- Income Tax Rates – Across the UK
- Income Tax Rates – Scotland
- Income Tax Rates – Wales
- Individual Savings Account (ISA)
- Inheritance Tax (IHT)
- Land and Buildings Transaction Tax
- Land Transaction Tax
- Mileage Allowance Payments (MAPS) For Employees
- Minimum Wage
- National Insurance Contributions (NIC) – Rates And Allowances
- Pensions Automatic Enrolment
- Pensions – Tax Relief On Pension Contributions
- Property Allowance
- Self Assessment – Key Dates
- Stamp Duty
- Stamp Duty Land Tax (SDLT)
- State Pensions
- Tax Reliefs For Individuals
- Trade Allowance
- Van Benefit
- VAT
- Vat Fuel Scale Charges
- Vehicle Excise Duty (VED) – Passenger Cars