National Living Wage to increase from April 2021

management accounts

From 1 April 2021 the National Living Wage will increase from £8.72 to £8.91, an increase of 2.2%. This rate will also be extended to 23 & 24 year olds for the first time and comes as the government accepted in full recommendations made by the Low Pay Commission. The rates from 1 April 2021 are as follows: Rate from … Read More

Employers – are you paying the correct National Minimum Wage?

Increases to the National Minimum Wage (NMW) creates a potentially expensive area of risk for some employers. In the wake of the new minimum adult pay rate rise from £6.50 to £6.70, new Government legislation on NMW means employers risk an up to £20,000 fine for EACH worker they underpay. According to research by The Department for Business, Innovation and … Read More