One of the most attractive things about doing an apprenticeship (especially when compared to getting a degree) is the capacity to earn your own living while learning practical skills. From April 2019, the Apprentice National Minimum Wage (ANMW) is rising from £3.70 to £3.90 per hour.
This will be the new minimum amount that employers can legally pay apprentices that are either aged 16-18, or aged 19 or over and in the first year of their apprenticeship.
The change comes along with increases across the board for minimum wages. The extra 20p per hour is a 5.4% rise which is the biggest increase in proportion to other groups. It’s clear that the government is placing enormous value on apprentices and are encouraging employers to do the same.
How much do apprentices get paid?
For many Baltic apprentices, the increase in ANMW is unlikely to affect them, as they are already getting paid above the minimum wage. This is because we encourage the employers we work with to pay more than ANMW. Like any other member of staff, apprentices contribute to business success and should be valued by their employers. We also find that most apprentices get kept on in full time roles once they finish their apprenticeship, so the potential to earn more in the long term is huge.
How do I budget for an apprentice wage?
We understand that it can be hard to budget for a lower rate of pay. You will need to account for travel, living costs, and a few treats along the way. Read our top tips for budgeting on an apprenticeship wage here.
If you want to start earning and learning, apply for an apprenticeship here.