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Home Resource Centre Tax Tables National Minimum and Living Wage

Tax Tables

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.


 

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

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