MILLIONS of workers are set to get a £1,000 pay rise from tomorrow under a minimum wage hike.
The boost is due to the National Living Wage rising from £8.91 to £9.50 from tomorrow, April 1.
This represents a £1,000 annual increase for an employee working a 35-hour week when the new rate kicks in.
The National Living Wage is paid to workers over 23 years old.
The amount you'll get paid depends on your age, but all of the age brackets will get a pay rise from next month.
We explain how much more you'll get below as the National Living Wage rate rises.
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Those aged 21 to 22 currently receive £8.36 an hour but this will jump to £9.18 from tomorrow.
Workers between the ages of 18 to 20 will see the minimum wage rise from £6.56 per hour to £6.83.
For under-18s, the minimum wage is currently £4.62 an hour but is due to increase to £4.81.
Similarly, apprentices will see the minimum rate rise from £4.30 to £4.81.
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The boost was confirmed in the Spring Statement last week, and will be good news for millions of families being clobbered by soaring bills.
Millions of households will see their bills DOUBLE from Friday, April 1, when the price cap goes up from £1,277 to £1,971.
While fridge staples have rocketed in price by up to 37.2% as households are paying much more for their food shop.
Soaring prices are also hitting drivers at the pumps as the world price of crude oil, international exchange rates and demand are nudging up rates.
But experts have raised concerns over whether the boost is enough to help families out under a crippling cost of living crisis.
It will roll out at the same time that National Insurance rates will be raised by 1.25 percentage points.
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For someone earning just £20,000 – well below the national average salary – that translates to extra payments of £130.45 a year.
Someone earning £30,000 annually would pay £255.45 more, while on a salary of £40,000 would see payments rise by £380.45 annually.
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