The Chancellor has announced that the Government will accept the recommendations on the Low Pay Commission in full and increase the National Living Wage to £8.91 per hour from April 2021.
This will also apply to those aged 23 and over.
The new rates that will apply from April 2021 are:
| 2021/22 Rate |
Aged 23 and over | £8.91 per hour |
Aged 21 to 22 | £8.36 per hour |
Aged 18 to 20 | £6.56 per hour |
Aged 16 to 17 | £4.62 per hour |
Apprentices | £4.30 per hour |
Accommodation offset | £8.36 per day |
The Income Tax personal allowance will increase along with the Higher Rate Threshold in line with the September CPI* figure.
The government will also use the September CPI* figure as the basis for setting the National Insurance limits and thresholds along with the rates of Class 2 and 3 National Insurance contributions.
*CPI – Consumer Price Index
Full details of the spending review can be found at https://www.gov.uk/government/topical-events/spending-review-2020
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