We always aim to keep you up to date with significant payroll changes. Please see below details of forthcoming changes to National Minimum Wage levels.
The Government has announced changes to the National Minimum Wage. From 1st April 2018 the following rates will apply:–
- £7.83 per hour for workers aged 25 and over (currently £7.50 – also called ‘the National Living Wage’)
- £7.38 per hour for workers aged 21-24 (currently £7.05)
- £5.90 per hour for workers aged 18-20 (currently £5.60)
- £4.20 per hour for workers aged 16 and 17 excluding apprentices (currently £4.05)
- £3.70 per hour for Apprentices (currently £3.50) under 19 years of age or those aged 19 and above who are in the first year of their apprenticeship. All other apprentices are entitled to the National Minimum Wage rate for their appropriate age.
If the above changes affect the rate you will pay any of your employees from 1st April 2018 please contact us as soon as possible.
These changes may also increase your monthly PAYE and National Insurance payments. However, the £3,000 Employment Allowance will continue, and renew, for eligible employers in the 2018-19 tax year.
It is your responsibility as the employer to ensure that you comply with these changes to the National Minimum Wage
If you have any queries regarding the above, please do not hesitate to contact a member of our payroll team.