The National Living Wage (NLW) will rise to £9.50 from 1 April 2022, representing an increase of 59 pence or 6.6 per cent.
In a press release published today, the UK Government confirmed “Alongside the NLW increase announced today, the Commission recommended significant rises in National Minimum Wage (NMW) rates for younger workers. The 21-22 Year Old Rate will increase to £9.18, narrowing the gap with the NLW and leaving this age group on course to receive the full NLW by 2024. NMW rates for 18-20 and 16-17 year olds will increase in line with underlying wage growth, protecting earnings for young workers while recognising their higher risk of unemployment. The minimum wage for apprentices will increase by 51p, bringing it in line with the 16-17 Year Old Rate.”
The below table outlines the increases in full: