Around two million of the UK’s lowest paid workers will benefit from an increase in both the National Living Wage and the National Minimum wage.

The rate rises include a 2.2% increase in the National Living Wage to £8.91, the equivalent of more than £345 extra per year for someone working full-time.

And for the first time since it came into effect in 2016, more younger people will be eligible for the National Living Wage, as the age threshold will be lowered from 25 to 23 years old.

The rise means someone working full time on the National Living Wage from April 2021 will be taking home £5,400 more annually than they were in 2010.

More information and advice, including how to check your hourly rate and that you’re being paid correctly, is available online.