Millions of workers will see their pay go up from today as new minimum wage rates come into force.
The National Living Wage, for those aged 23 and over, is rising from £9.50 to £10.42 - an increase of 92p - from April 1.
But the 9.7% increase is still below the rate of inflation, which currently sits at 10.4%.
The National Minimum Wage for people aged 21 to 22 will rise from £9.18 to £10.18, from £6.83 to £7.49 for those aged 18 to 20, and from £4.81 to £5.28 for under 18s and apprentices.
How much exactly your pay will increase by depends on how many hours you currently work.
As an example, if you are paid the National Living Wage and you work 30 hours a week, your pay - before tax and any other deductions - will increase by £27.60 per week.
You can see the full table of increases below.
Bryan Sanderson, Chair of the Low Pay Commission, said: "Millions of workers will benefit from these increases to the National Minimum Wage and National Living Wage.
"Despite turbulent economic conditions, the labour market has remained strong and unemployment is low.
"We remain confident that this increase is unlikely to have a detrimental impact. Indeed, the high levels of inflation are felt more acutely by those on low pay who spend a higher proportion of their income on energy and food."
Chancellor Jeremy Hunt first announced the hike in his Autumn Statement last November.
The minimum wage is what your employer has to pay you by law, depending on your current age. Many businesses pay their workers more than the minimum rates.
There is also the voluntary Real Living Wage, which employers can choose to sign up to, and this is designed to reflect a more accurate cost of living.
It is based on what a full-time worker and their family needs to make ends meet, including costs of food, clothing and household bills.
The hourly rates for the Real Living Wage rose in September 2022 from £9.90 to £10.90 across the UK, and by 90p, from £11.05 to £11.95 in London.
The Real Living Wage is currently paid by more than 11,000 employers and is accredited by the Living Wage Foundation.
The rate is payable to everyone over the age of 18 - with 390,000 people eligible for it - and is updated every year.
New minimum wage rates in full
- National Living Wage (aged 23 and over) - from £9.50 to £10.42
- National Minimum Wage for people aged 21 to 22 - from £9.18 to £10.18
- National Minimum Wage for people aged 18 to 20 - from £6.83 to £7.49
- National Minimum Wage for under 18s and apprentices - from £4.81 to £5.28
