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Tax Tables

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
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
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
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

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
© 2024
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