Home Resource Centre Tax Tables National Minimum and Living Wage

Tax Tables

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.


 

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

£372.88 per week

Employee earnings threshold for student loan plan 2

£26,575 per year

£2,214.58 per month

£511.05 per week

Student loan deduction

9%

 

 

Employee earnings threshold for postgraduate loan

£21,000 per year

£1,750.00 per month

£403.84 per week

Postgraduate loan deduction

6%


 
© 2020