The Government has announced the 2021 National Living Wage (NLW) and National Minimum Wage (NMW), accepting the LPC’s recommendations in full.
The 2021 National Living Wage (NLW) will reach £8.91, an increase of 2.2 per cent. Given uncertainties over the long-term economic outlook, they have not recommended any change to the Government’s target of the NLW reaching two-thirds of median earnings by 2024.
The minimum wage rates which will apply from 2021 are:
|
Rate from April 2020 |
Rate from April 2021 |
Increase |
|
|
National Living Wage |
£8.72 |
£8.91 |
2.2% |
|
21-22 Year Old Rate |
£8.20 |
£8.36 |
2.0% |
|
18-20 Year Old Rate |
£6.45 |
£6.56 |
1.7% |
|
16-17 Year Old Rate |
£4.55 |
£4.62 |
1.5% |
|
Apprentice Rate |
£4.15 |
£4.30 |
3.6% |
|
Accommodation Offset |
£8.20 |
£8.36 |
2.0% |