Millions of Brits to get £345 a year pay rise from tomorrow as wages increase
From tomorrow (April 1), the National Living Wage in the UK will increase by £345 a year.
It is currently £8.72 an hour but will rise by 19p to £8.91 from tomorrow – which means workers get a 2.2% increase in their payslips.
The wage boost from Thursday will also apply to 23 and 24-year-olds.
Chancellor Rishi Sunak confirmed the increase in his Budget after the new rate was revealed in the Spending Review in November.
The boost is the equivalent of £345 extra per year for someone working full-time.
It will benefit around two million of the UK's lowest paid workers in the UK.
But the National Living Wage was expected to increase more but the rise was slashed due to coronavirus.
In September, it was revealed there were concerns that British businesses would not be able to afford the extra cash to pay their staff.
Other working Brits aged below 23 will also get a pay packet boost from April 1.
Meanwhile, those aged between 21 and 22 will benefit from a 2% increase to the National Minimum Wage from £8.20 to £8.36.
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As for 18 to 20-year-olds, the minimum will rise from £6.45 to £6.56 and for under 18s it will increase from £4.55 to £4.62 an hour.
Even the Apprenticeship Wage will increase by 3.6% which sees the hourly rate from £4.15 to £4.30.
But the National Living Wage is different to the real Living Wage which is a voluntary amount companies choose to pay their staff.
On November 9 last year, this increased by 20p to £9.50 per hour for workers outside the UK capital.
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