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Minimum wage

  1. Resources
  2. Tax information
  3. Tax rates and allowances

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 2025 £12.21 £10.00 £7.55 £7.55
From 1 April 2024 £11.44 £8.60 £6.40 £6.40

Tax rates and allowances

Capital allowances Capital gains tax Child benefit Corporation tax Income tax Individual Savings Account (ISA) Inheritance tax Minimum wage National insurance Pensions Property and trade allowances Stamp duty & land taxes Statutory pay Tax reliefs for individuals Value added tax Vehicles

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Finnies Chartered Certified Accountants, 4-6 Swaby's Yard, Walkergate, Beverley HU17 9BZ

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