UK MINIMUM WAGE

In terms of wages, the UK is one of the highest in Europe. The country has a fair social security system, the economy is developing dynamically and the situation on the labor market is quite stable. The income of the British is growing even despite the changes associated with the procedure for the United Kingdom's secession from the European Union.

The economic leader of this island state, UK, is especially popular among labor migrants from around the world. In particular, a job in London generates an average income of £ 4,000 (approx. € 4,650) per month. Of course, we are talking about qualified specialists.

Salary in UK

The UK population in 2021 exceeds 67 million. According to the British National Statistical Office, the employment rate among people aged 16 to 64 is 75%, that is, about 33 million are officially employed. Unemployment is only 4.9% (1.3 million people).

Over the past year, taking into account bonuses, the average weekly income of employees of UK companies in nominal terms increased by 4.4%. Next, we will find out what are the minimum and average salaries in UK in 2021, compare the indicators in the context of individual professions and designate the income tax rates.

Minimum wage in UK

According to the official information of the British government portal GOV.UK, at the national level, the minimum wage in the UK is revised annually as of April 1. The amount of hourly rates depends on the age of the specialist. In addition, interns who combine study and work in UK are included in a separate category. For example, this could be UK students aged 19 and over in their first year of internship at a local company.

Note that in comparison with 2020, the minimum wage rate in UK for persons over 23 years old increased by 0.19 pounds - from 8.72 to 8.91, and since 2010 the increase has amounted to 2.98 pounds. Several years ago, local experts calculated that the salary of British citizens should be at least 8.45 pounds per hour to meet the daily needs. And the government has set itself the goal of raising the minimum hourly rate in the UK to 9 pounds by 2020.

In accordance with British law, the working week in the country cannot exceed 48 hours, while the salary level must be at least 427.7 pounds. In the case of standard employment of 40 hours per week, income would be £ 356.4. Thus, the monthly minimum wage in UK in 2021 is £ 1,544.4, which is the equivalent of € 1,795. In total, about 1.4 million people in the United Kingdom receive incomes at a minimum level.