Listentotaxman

UK PAYE Tax Calculator / Salary Calculator

The number 1 free UK salary calculator tax calculator since 1998. Calculate salary, national insurance, HMRC tax and net pay

Minimum wage changes for the under 24's this month last updated on 06/10/2016

Those on the minimum wage under 24 years old, and those on Apprenticeships will see an increase in their wage packets this month. 

The Living Wage rate however is increased in April, so remains £.20 for the over 25's. 

Current rates

These rates are for the National Living Wage and the National Minimum Wage from 1 October 2016.

Year25 and over    21 to 24   18 to 20   Under 18   Apprentice  
October 2016 (current rate)         £7.20 £6.95 £5.55 £4.00 £3.40

  

Previous rates

The following rates were for the National Living Wage and the National Minimum Wage from April to October 2016.

Year25 and over    21 to 24   18 to 20   Under 18   Apprentice   
April 2016        £7.20 £6.70 £5.30 £3.87 £3.30

This article was published in our Tax News Links section on 06/10/2016. today: 0 7 days: 9 31 days: 83