Millions of people will get a pay rise today thanks to an increase in the minimum wage for all basic rate workers.
Chancellor Rishi Sunak confirmed the new rates earlier this month, seeing around 2million people make more money for each hour they work.
The National Living Wage (NLW) - the rate for over 25s - is rising from £8.21 to £8.72 an hour, a 6.2% increase.
Apprentices and all other basic rate workers over the age of 16 will also get a boost.
The rates are set by the Low Pay Commission, and mean an increase of £930 a year for a full-time worker aged 25 or older.
Younger workers who are paid the National Minimum Wage will also see their pay boosted with increases of between 4.6% and 6.5%, depending on their age, with 21-24 year olds seeing a 6.5% increase from £7.70 to £8.20 an hour.
How much was minimum wage before?
The rates until today were:
Aged 25 or older? You're currently entitled to £8.21 an hour
Aged 21-24? You're currently entitled to £7.70 an hour
Aged 18-20? You're currently entitled to £6.15 an hour
Aged below-18? You're currently entitled to £4.35 an hour
Apprentice? You're currently entitled to £3.90 an hour
How much is my pay going up in April 2020?
From today these rates are changing to:
Aged 25 or older? You'll soon be entitled to £8.72 an hour
Aged 21-24? You'll soon be entitled to £8.20 an hour
Aged 18-20? You'll soon be entitled to £6.45 an hour
Aged below-18? You'll soon be entitled to £4.55 an hour
Apprentice? You'll soon be entitled to £4.15 an hour
Difference between the 'living wage' and 'minimum wage'
The 'National Living Wage' and the 'Minimum Wage' are both set by the Government and all employers must comply.
However, the 'Living Wage' is a completely separate entity set up by the Living Wage Foundation. It's also reviewed annually.
Sadly that's not a legal requirement, but more what campaigners believe workers should be earning (factoring in changes to bills, rents and so on). A lot of employers - including many supermarkets - have chosen it in favour of it over the government's guidelines and therefore pay their workers more.
Currently the Living Wage stands at £9.30 an hour in the UK, or £10.75 if you live in London. The rates apply to all those aged 18 or over. Here is a full list of the employers that pay it.
