You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
+44 (0)20 8944 1180 - info@zgrp.co.uk
Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase.
Over three million workers will receive a pay boost after Chancellor Rachel Reeves confirmed the National Living Wage will increase from £11.44 to £12.21 an hour from April 2025.
The 6.7% increase is worth £1,400 a year for an eligible full-time worker. The National Minimum Wage for 18 to 20-year-olds will also rise from £8.60 to £10.00 an hour. This £1.40 increase will mean full-time younger workers eligible for the rate will see their pay boosted by £2,500 next year.
The government says this is the first step towards aligning the National Minimum Wage and National Living Wage to create a single adult wage rate.
The minimum hourly wage for an apprentice is also boosted next year, with an 18-year-old apprentice in an industry like construction seeing their minimum hourly pay increase by 18%, a pay rise from £6.40 to £7.55 an hour.
Ms Reeves said:
'This government promised a genuine living wage for working people. This pay boost for millions of workers is a significant step towards delivering on that promise.'
Internet link: HMRC
Receive our monthly email packed full of essential business news and handy tax tips to help save you money.
Register now
09 Jun 2025
HMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.
Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.
The UK's professional tax and accounting bodies have backed the adoption of e-invoicing in their responses to a government consultation.