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The National Minimum Wage Act 1998 (c. 39) creates a minimum wage across the United Kingdom. [2] From 1 April 2024, the minimum wage is £11.44 per hour for people aged 21 and over, £8.60 for 18- to 20-year-olds, and £6.40 for 16- to 17-year-olds and apprentices aged under 19 or in the first year of their apprenticeship. [ 3 ] (
What is the apprenticeship levy? It is a charge that businesses with annual payrolls over £3m must pay, calculated at 0.5 per cent of their wage bill. It affects 2-3 per cent of employers.
The Apprenticeship Levy is a UK tax on employers which is used to fund apprenticeship training. Introduced at the start of the 2017/18 tax year, it is payable by all employers with an annual pay bill of more than £3 million, at a rate of 0.5% of their total pay bill. It is collected through the Pay as you Earn process alongside other ...
The National Living Wage for people over 25 increases from £7.50 to £7.83 an hour. Workers between the ages of 21–24 receive an hourly pay rise from £7.05 to £7.38, wages rise from £5.60 to £5.90 for 18–20-year-olds, from £4.05 to £4.20 for 16–17-year-olds and £3.50 to £3.70 for apprentices aged under 19 or in the first year of ...
In 1994, the UK Government introduced Modern Apprenticeships (renamed Apprenticeships in England, Wales and Northern Ireland), based on frameworks today of the Sector Skills Councils. In 2009, the National Apprenticeship Service was founded to coordinate apprenticeships in England.
The following list provides information relating to the minimum wages (gross) of countries in Europe. [ 1 ] [ 2 ] The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [ 3 ] Belgium (38 hours), [ 4 ] United Kingdom (38 hours), [ 3 ] Germany (38 hours), [ 5 ] Ireland ...
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