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National Minimum Wage
Age |
2024/25 |
2023/24 |
2022/23 |
|
Apprentice (For apprentices aged 16-18 or aged 19+ in their first year) | £6.40 | £5.28 | £4.81 | |
Under 18 | £6.40 | £5.28 | £4.81 | |
18 to 20 | £8.60 | £7.49 | £6.83 | |
21 to 22 | £11.44 | £10.18 | £9.18 | |
23 + | £11.44 | £10.42 | £9.50 |
State Pension
State pension (weekly) |
2024/25 |
2023/24 |
2022/23 |
|
Basic state pension | £169.50 | £156.20 | £141.85 | |
New state pension | £221.20 | £203.85 | £185.15 |
Student & Postgraduate Loans - employee earnings thresholds
Student and postgraduate loans - employee earnings thresholds |
2024/25 |
2023/24 |
2022/23 |
|
Student loan plan 1 |
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Annual threshold | 9% | £24,990.00 | £22,015.00 | £20,195.00 |
Monthly threshold | 9% | £2,082.50 | £1,834.58 | £1,682.91 |
Weekly threshold | 9% | £480.57 | £423.36 | £388.36 |
Student loan plan 2 |
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Annual threshold | 9% | £27,295.00 | £27,295.00 | £27,295.00 |
Monthly threshold | 9% | £2,274.58 | £2,274.58 | £2,274.58 |
Weekly threshold | 9% | £524.90 | £524.90 | £524.90 |
Student loan plan 4 |
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Annual threshold | 9% | £31,395.00 | £27,660.00 | £25,375.00 |
Monthly threshold | 9% | £2,616.25 | £2,305.00 | £2,114.58 |
Weekly threshold | 9% | £603.75 | £531.92 | £487.98 |
Student loan plan 5 |
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Annual threshold | 9% | £25,000.00 | N/A | N/A |
Monthly threshold | 9% | £2,083.33 | N/A | N/A |
Weekly threshold | 9% | £480.76 | N/A | N/A |
Postgraduate loan |
||||
Annual threshold | 6% | £21,000.00 | £21,000.00 | £21,000.00 |
Monthly threshold | 6% | £1,750.00 | £1,750.00 | £1,750.00 |
Weekly threshold | 6% | £403.84 | £403.84 | £403.84 |