These rates are for the National Living Wage and the National Minimum Wage. The rates change every April.

Year	25 and over	21 to 24	18 to 20	Under 18	Apprentice
Apr-19	£8.21	£7.70	£6.15	£4.35	£3.90
Apr-18	£7.83	£7.38	£5.90	£4.20	£3.70

Apprentices

Apprentices (https://www.gov.uk/apprenticeships-guide) are entitled to the apprentice rate if they’re either :-

• 1) aged under 19
• 2) aged 19 or over and in the first year of their apprenticeship

Example An apprentice aged 22 in the first year of their apprenticeship is entitled to a minimum hourly rate of £3.90

Apprentices are entitled to the minimum wage for their age if they both:

• 1) are aged 19 or over
• 2) have completed the first year of their apprenticeship

Type	Rate %	Dividend Rate %	2019–20	2018-19	2017-18	2016-17
Basic Rate	20.00%	7.50%	Up to £37500	Up to £34,500	Up to £33,500	Up to £32,000
Higher Rate	40.00%	32.50%	£37500 to £150,000	£34,500 to £150,000	£33,501 to £150,000	£32,001 to £150,000
Additional Rate	45.00%	38.10%	Over £150,001	Over £150,001	Over £150,001	Over £150,001

Allowance	2016-17	2017/18	2018/19	2019/20
Basic	£11000	£11500	£11850	£12500
Blind Person's Allowance	£2290	£2320	£2390	£12500
Marriage Allowance*	-	£1150	£1190	-
Married Couples Allowance (if born before 6th April 1935)	£8355	£8445	£8695	-
Dividend Allowances	£5000	£5000	£2000	£2000

Description	2017/18	2018/19	2019/20
Weekly Lower earnings limit, primary Class 1	£113	£116	£118
Weekly Upper earnings limit, primary Class 1	£866	£892	£962
Weekly Primary threshold	£157	£162	£166
Weekly Secondary threshold	£157	£162	£166
Weekly Upper Secondary Threshold for U21s	£866	£892	£962
Apprentice Upper Secondary Threshold for U25s	£866	£892	£962

Note :

• A. For apprentices under the age of 25, the Apprentice Upper Secondary Threshold is also £866 per week. This means that employers will not be required to pay employer Class 1 NICs in respect of the wages they pay to apprentice employees under the age of 25 up to £866 per week.
• B. No NICs are actually payable but notional Class 1 NIC is deemed to have been paid; this protects certain basic state benefit entitlements.
• C. Employers are not required to pay employer Class 1 NICs in respect of the wages they pay to employees under the age of 21 up to £866 per week.

The new law requires every employer to automatically enrol workers into a workplace pension scheme if they:

• 1) are aged at least 22 but under state pension age;
• 2) earn at least £10,000 a year; and
• 3) work or normally work in the UK.

Date	Employee Minimum Contribution	Employer Minimum Contribution	Total Minimum Contribution
Upto 5 April 2018	1%	1%	2%
6 April 2018 to 5 April 2019	3%	2%	5%
6 April 2019 onwards	5%	3%	8%

Workers who are aged between 16 and 21, or between state pension age and 74, can ask to opt in if they earn over the £10,000 threshold.

Workers aged between 16 and 74 who earn below £10,000 but at least £5,824 can ask to opt in.

Workers who earn below that will be entitled to join a scheme but the employer won’t have to contribute.

Profits £	2019-20	2018-19	2017-18	2016-17
Corporation Tax rate	19.00%	19.00%	19.00%	20.00%