Most workers over the age of 16 are eligible for the National Minimum Wage, whereas the National Living Wage only applies to those over the age of 25.
To add to this, the National Minimum Wage stands at £7.38 and the National Living Wage is at £7.83. The National Minimum Wage is set through negotiations from business and trade union recommendations, whereas the National Living Wage is a percentage of medium earnings which stands at 55%.