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Category Archives: Payroll

National Minimum Wage increases

From 1 April, National Minimum Wage and National Living Wage rates will increase. This is the second increase in 6 months for the National Minimum Wage, and brings the increase dates in line with the National Living Wage.

The increases are as follows:

Year                                       25 and Over        21 to 24                18 to 20                    Under 18                 Apprentice

October 2016 (Current)                £7.20               £6.95                     £5.55                        £4.00                        £3.40

From April 2017                           £7.50               £7.05                     £5.60                        £4.05                        £3.50

The Apprentice rate applies to those aged under 19, or those aged 19 or over and in the first year of their apprenticeship. After that, they become entitled to the minimum wage for thier age group.

Apart from staff on hourly pay rates, you will also need to consider whether pay for salaried staff complies with the above rates.

The National Living Wage

With effect from the 1st April 2016, the new National Living Wage legislation takes effect. Employees aged 25 or over will become legally entitled to at least £7.20 per hour. This legislation will be enforced as strongly as the current National Minimum Wage, and we can expect to see employers who fail to comply beingContinue Reading

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Woodwards Accountancy, Paignton, Devon TQ4 7SN T: 01803 228 628