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National Minimum and Living Wage

National Minimum Wage
Age |
2022/23 |
2021/22 |
2020/21 |
|
Apprentice* |
£4.81 |
£4.30 |
£4.15 |
|
Under 18 |
£4.81 |
£4.62 |
£4.55 |
|
18 to 20 |
£6.83 |
£6.56 |
£6.45 |
|
21 to 22 |
£9.18 |
£8.36 |
£8.20 |
|
23 to24 |
£9.50 |
£8.91 |
£8.20 |
|
25+ |
£9.50 |
£8.91 |
£8.72 |
|
*For apprentices aged 16-18 and those aged 19+ in their first year. |
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State Pension
Weeky Pension (weekly) |
2022/23 |
2021/22 |
2020/21 |
|
Basic State Pension |
£141.85 |
£137.60 |
£134.25 |
|
New State Pension |
£185.15 |
£179.60 |
£175.20 |
|
Student & Postgraduate Loans - employee earnings thresholds
Student and postgraduate loans - employee earnings thresholds |
2022/23 |
2021/22 |
2020/21 |
|
Student loan plan 1 |
|
|
|
|
Annual threshold |
9% |
£20,195 |
£19,895 |
£18,935 |
Monthly threshold |
9% |
£1,682.91 |
£1,657.91 |
£1,578 |
Weekly threshold |
9% |
£388.36 |
£382.59 |
£364 |
Student loan plan 2 |
|
|
|
|
Annual threshold |
9% |
£27,295 |
£27,295 |
£26,575 |
Monthly threshold |
9% |
£2,274.58 |
£2,274.58 |
£2,214.58 |
Weekly threshold |
9% |
£524.90 |
£524.90 |
£511.05 |
Student loan plan 4 |
|
|
|
|
Annual threshold |
9% |
£23,375 |
£25,000 |
n/a |
Monthly threshold |
9% |
£2,114.58 |
£2,083.33 |
n/a |
Weekly threshold |
9% |
£487.98 |
£480.76 |
n/a |
Postgraduate loan |
|
|
|
|
Annual threshold |
6% |
£21,000 |
£21,000 |
£21,000 |
Monthly threshold |
6% |
£1,750 |
£1,750 |
£1,750 |
Weekly threshold |
6% |
£403.84 |
£403.84 |
£403.84 |