Minimum wage is set to rise in 2020!

Workers on minimum wage will get a financial boost in 2020 with the rate increasing to $18.90 per hour in April.

The increase, announced today by Workplace Relations and Safety Minister Iain Lees-Galloway was a step toward to goal of $20 minimum wage by 2021.

The rise would put more money in the back pocket of more than 250,000 New Zealand workers.

Those who will benefit include people working on $17.70 and between $17.70 and $18.90 an hour.

"The new $18.90 rate will mean an extra $48 per week before tax for Kiwis who work for 40 hours on the current minimum wage.

The starting-out and training wages will also see a boost, with a rise to $15.12 per hour from 1 April 2020, remaining at 80% of the adult minimum wage.

Bring on that moneyyyyyyyyyyyyy!