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The National Living Wage was phased in between April 2016 and April 2020, with the aim of reaching 60% of median UK earnings by 2020. For over-25 year old employees, the wage began at £7.20 per hour in April 2016 and was projected to rise to at least £9 per hour by April 2020. [2]
The LPC was established in July 1997 on a non-statutory basis before being confirmed in legislation by the National Minimum Wage Act 1998. Each year, the LPC advises the government on what rates the different minimum wages in the UK should be, announcing its recommendation six months before it would come into force.
The National Minimum Wage Act 1998 (c. 39) creates a minimum wage across the United Kingdom. [2] From 1 April 2024, the minimum wage is £11.44 per hour for people aged 21 and over, £8.60 for 18- to 20-year-olds, and £6.40 for 16- to 17-year-olds and apprentices aged under 19 or in the first year of their apprenticeship. [3]
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The National Minimum Wage (Amendment) (No. 2) Regulations 2020 340 (W. 77) The Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2020 341: The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2020 342: The Finance Act 2004 (Standard Lifetime Allowance) Regulations 2020 343: The Income Tax (Indexation ...
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Text of the National Minimum Wage Regulations 2015 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. The National Minimum Wage Regulations 2015 ( SI 2015/6221 ) are a statutory instrument under the National Minimum Wage Act 1998 that elaborate rules on how to calculate whether someone is being paid ...
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