Tynwald has approved a new rate of minimum wage for the Isle of Man.
The current rate will increase by five percent to £12.86 per hour from 1 April 2026. The Youth Rate, for those over compulsory school leaving age but not yet 18, will increase to £10.16 per hour.
The minimum wage has increased by 60 percent over the course of this administration, reinforcing the Island’s commitment to fair pay while maintaining its competitiveness as a place to live and work.
In parallel, changes to personal allowances in this year’s Budget will support those on the lowest incomes, helping to lift more people out of the tax net and put more money into people’s pockets and the local economy.
The new minimum wage rate will be effective from 1 April 2026.
