21 and over: £6.31
18 to 20: £5.03
Under 18: £3.72
Apprentice*: £2.68
* This rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.
6.31 * 40 * 52 = £13,124.80 per year - for over 20s.
5.03 * 40 * 52 = £10,462.40 per year - for 18 to 20 year olds.
3.72 * 40 * 52 = £7,737.60 per year - for under 18 year olds.
I have no idea when tax credits or income support or housing benefit kick in. But if you're getting less than this you should probably speak to an advisor somewhere to make sure you're getting everything that you're entitled to.
Lol, yes, doesn't apply to directors ... it's partly by choice, in that we've chosen a lifestyle that prefers family time over income. My point was more to indicate that it's quite possible to live comfortably on these sorts of incomes (we have a mortgage and run a car, have internet and a mobile phone contract, go out on trips, have holidays [not abroad], can afford occasional takeaways and meals out too, we're not destitute).
Thanks for caring enough to give that information though.
