Average annual disposable income in the United Kingdom in 2022/23, by age group of household reference person (in GBP) Average dispoable income in GBP36,27436,27437,50937,50945,60845,60844,24044,24047,93747,93741,86641,86638,66038,66033,86233,86232,91432,91429,71229,71234,31034,31039,72639,...
Minimum wage The following rates apply for 2013: The main rate for workers aged 21 and over is £6.31 an hour. The rate for 18-21 year olds is £5.03 an hour. The rate for 16-17 year old is £3.72 an hour.The minimum rate for an apprentice is £2.68. London has one of ...
Between November 2021 and July 2023 inflation was higher than wage growth in the UK, with wages still outpacing inflation as of April 2024. At the peak of the recent wave of high inflation in October 2022, the CPI inflation rate reached a 41-year-high of 11.1 percent, wages were growing...
The tax rate will be lowered to 20% starting April 1, 2015. U.K. New Minimum Wage Rates October 2013 Stating October 1, 2013 the new minimum wage rate for employees aged under 18 is increased to GBP 3.72 per hour. Employees aged between 18-20 get a 5p rise to GBP 5.03 per hour ....
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Inequality and DEI reporting. The government committed to remove the age bands that provide for a lower National Minimum Wage for young people so that every adult worker is entitled to the same minimum level of pay. The government has also committed to introduce additional transparency requirements...
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