NATIONAL MINIMUM WAGE RATES 2024-2025​

​

The rate for 21 and over will increase by £1.26 from £10.18 to £11.44 per hour.

​

The rate for 18-20 year olds will increase by £1.12 from £5.25 to £6.40

​

The rate for under 18 years old will increase by £1.12 from £5.28 to £6.40 per hour. Apprentices are entitled to the apprentice rate if they are either:

​

Age 19 or under

​

Age 19 or over in their first year of apprenticeship.

​

​

​

​

WORKPLACE PENSION MINIMUM CONTRIBUTIONS ARE:

​

Employer minimum contribution: 3%

​

Employee minimum 5%

​

Total minimum 8%

​

​

​

TAX CHANGES TAKING EFFECT FROM APRIL 2024

​

EARNINGS (If you live in England, Wales or Northern Ireland) 2024/2025

​

Under your personal allowance (PA): No income tax payable

For most, £12,570

​

Between PA £12.571 & £37,700 (basic rate): 20%

​

Between PA £37,700 & £125,140 (higher rate): 40%

​

Over £125,141 (additional rate): %45

​

 

 

 

Employer National Insurance Contributions no longer have to be made for employers who are under the age of 21.

​

National Insurance Employment Allowance is £5000 per year.

​

​