Chat with us, powered by LiveChat
This website uses cookies. You consent to our cookies if you continue to use our website. More Details

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