The National Minimum Wage rates are set to increase from April 2020 and we’re urging employers to take note of the changes: Year 25 & over 21 to 24 18 to 20 Under 18 Apprentice April 2019 (current) £8.21 £7.70 £6.15 £4.35 £3.90 April 2020 £8.72 £8.20 £6.45 £4.55 £4.15 A word of warning: if you’re employing … Read More
National Minimum Wage – changes
Please see below a summary of the National Minimum Wage and National Living Wage rates. These are for the current (to 5/4/18) and next (to 5/4/2019) tax years. The majority of workers aged 25 or over are entitled to the National Living Wage. If you have queries about National Minimum Wage, payroll tax or any other employee/employer tax issues, please … Read More
National Minimum Wage changes
From 1 October 2016, the National Minimum Wage (NMW) is increasing and employers need to ensure they are fully compliant with the new rates, which will be in force until 31 March 2017. The new hourly rates are as follows: Apprentice Rate – £3.40 16-17 Year Old Rate – £4.00 Youth Development Rate (18-20 year olds) – £5.55 21-24 Year … 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
National minimum wage increases from 1 October 2015
Announced back in March this year, the National Minimum Wage hourly rates are set to increase as follows with effect from 1 October 2015: Adult rate – up 20p to £6.70 18 – 20 year olds – up 17p to £5.30 16-17 year olds – up 8p to £3.87 Apprentice rate up 57p to £3.30 per hour It is estimated … Read More
National Minimum Wage Changes
The National Minimum Wage rates (NMW) will be increased from 1 October 2013 to the amounts below: adults will increase by 12p to £6.31 an hour; 18-20 year olds will increase by 5p to £5.03 an hour; 16-17 year olds will increase by 4p to £3.72 an hour; apprentices will increase by 3p to £2.68 an hour; and the accommodation … Read More