[UK] New pension, wage and tax laws in effect

The National Living Wage (NLW) and National Minimum Wage (NMW) have increased

The NLW for people aged 25 or over rose from £7.83 per hour to £8.21

The NMW for people aged 21 to 24 rose from £7.38 per hour to £7.70

State pension rates changed from April 6 after the tax year end

People receiving the basic state pension will get an extra £3.25 a week

The state pension increases from £125.95 to £129.20

Entitled retired workers will have £169 more per year, an annual income of £6,718.40.

People entitled to the new single-tier state pension receive an additional £4.25 a week

This pension increases from £164.35 to £168.60

Recipients will have £221 extra by the end of the 2019/2020 tax year

The total annual income rises to £8,767.20.

The additional state pension increases by the rate of CPI inflation (announced in September) it is not linked to the triple lock guarantee

The additional state pension will increase only by 2.4%

A cap on the maximum additional state pension people can earn remains

This rises from £172.28 per week to £176.41 per week in 2019/2020.

Under the previous rules employers contributing a minimum of 2% of a worker's pre-tax salary, the worker contributes 3%

Under the new rules, employers and employees will respectively contribute a minimum of 3% and 5%

This is a means-tested benefit with awards based on earnings

Both pension credit payments have risen by 2.4%, the CPI rate of inflation

Guarantee credit increases from £163 a week to £167.25 per week for a single person and from £248.80 to £255.25 for a couple

The Savings credit cap rises from £13.40 to £13.72 for a single person and from £14.99 to £15.35 a week for a couple

Minimum contributions for auto-enrolment pension schemes have increased for employers and employees

Under the past rule, employers had to contribute a minimum of two per cent of a worker’s pre-tax salary, with the worker contributing three per cent

Now employers and employees must respectively contribute a minimum of three per cent and five per cent

The income tax threshold increases to £12,500, employees won't pay any income tax at all they earn a certain amount

An annual income of at least £12,500 now incurs £130 less tax a year

The threshold for the higher rate of income tax - the 40% rate - increases to £50,000-a-year

People earning over £46,351-a-year gain another £730

The qualifying criteria for statutory sick pay (SSP) and amount of money staff are entitled to have changed

Individuals must earn a minimum of £118 per week to qualify for weekly payments of £94.25

The maternity, paternity, adoption and shared parental pay rates have risen to £148.68 per week

The National Living Wage (NLW) and National Minimum Wage (NMW) have increased

The NLW for people aged 25 or over rose from £7.83 per hour to £8.21

The NMW for people aged 21 to 24 rose from £7.38 per hour to £7.70

State pension rates changed from April 6 after the tax year end

People receiving the basic state pension will get an extra £3.25 a week

The state pension increases from £125.95 to £129.20

Entitled retired workers will have £169 more per year, an annual income of £6,718.40.

People entitled to the new single-tier state pension receive an additional £4.25 a week

This pension increases from £164.35 to £168.60

Recipients will have £221 extra by the end of the 2019/2020 tax year

The total annual income rises to £8,767.20.

The additional state pension increases by the rate of CPI inflation (announced in September) it is not linked to the triple lock guarantee

The additional state pension will increase only by 2.4%

A cap on the maximum additional state pension people can earn remains

This rises from £172.28 per week to £176.41 per week in 2019/2020.

Under the previous rules employers contributing a minimum of 2% of a worker's pre-tax salary, the worker contributes 3%

Under the new rules, employers and employees will respectively contribute a minimum of 3% and 5%

This is a means-tested benefit with awards based on earnings

Both pension credit payments have risen by 2.4%, the CPI rate of inflation

Guarantee credit increases from £163 a week to £167.25 per week for a single person and from £248.80 to £255.25 for a couple

The Savings credit cap rises from £13.40 to £13.72 for a single person and from £14.99 to £15.35 a week for a couple

Minimum contributions for auto-enrolment pension schemes have increased for employers and employees

Under the past rule, employers had to contribute a minimum of two per cent of a worker’s pre-tax salary, with the worker contributing three per cent

Now employers and employees must respectively contribute a minimum of three per cent and five per cent

The income tax threshold increases to £12,500, employees won't pay any income tax at all they earn a certain amount

An annual income of at least £12,500 now incurs £130 less tax a year

The threshold for the higher rate of income tax - the 40% rate - increases to £50,000-a-year

People earning over £46,351-a-year gain another £730

The qualifying criteria for statutory sick pay (SSP) and amount of money staff are entitled to have changed

Individuals must earn a minimum of £118 per week to qualify for weekly payments of £94.25

The maternity, paternity, adoption and shared parental pay rates have risen to £148.68 per week