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Tax Tables
National Minimum and Living Wage
National Minimum Wage
Age |
From April 2020 |
From April 2019 |
From April 2018 |
|
Apprentice* |
£4.15 |
£3.90 |
£3.70 |
|
Under 18 |
£4.55 |
£4.25 |
£4.20 |
|
18 to 20 |
£6.45 |
£6.15 |
£5.90 |
|
21 to 24 |
£8.20 |
£7.70 |
£7.38 |
|
25 and over (Living Wage) |
£8.72 |
£8.21 |
£7.83 |
|
*For apprentices aged 16-18 and those aged 19+ in their first year. |
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State Pension
Weeky Penion |
2020/21 |
2019/20 |
|
Basic State Pension |
£134.25 |
£129.20 |
|
New State Pension |
£175.20 |
£168.60 |
|
Student & Postgraduate Loans
Rate or threshold |
2020 to 2021 rate |
|
Employee earnings threshold for student loan plan 1 |
£19,390 per year |
|
£1,615.83 per month |
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£372.88 per week |
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Employee earnings threshold for student loan plan 2 |
£26,575 per year |
|
£2,214.58 per month |
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£511.05 per week |
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Student loan deduction |
9% |
|
|
|
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Employee earnings threshold for postgraduate loan |
£21,000 per year |
|
£1,750.00 per month |
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£403.84 per week |
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Postgraduate loan deduction |
6% |
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