The start of the new tax year brought significant changes to legislation. It is also P11D season: these need to be completed soon. Increasing minimum wage From April 2019, the National Minimum Wage (NMW) and the National Living Wage (NLW) rates increased. From 1 April 2019, the hourly rates of pay are as follows: Age … Continue reading New Tax Year, New Tax Rules: Are You Up-To-Date?
Following on from the Chancellors Budget, further changes will affect how you pay your employees from April 2019. It has been confirmed that the National Living Wage for workers aged 25 and over will be increasing from £7.83 to £8.21 per hour. The complete list of changes from April are: Current Rate From April 2019 … Continue reading National Minimum Wage and Auto Enrolment Rates from April 2019
It’s that time of year again for the National Minimum Wage to rise. Following its review, the Government has accepted the recommendations of the Low Pay Commission for the National Minimum Wage. From April 2018 the new rates will be as follows: £7.38 per hour for 21-24 year olds £5.90 per hour for 18-20 year … Continue reading National Minimum Wage Changes
As announced by the Chancellor in the Autumn Statement, the rate of the National Living Wage is set to increase to £7.50 per hour from April 2017. In line with this, the government has accepted the recommendations of the Low Pay Commission for the National Minimum Wage and from April 2017 the new rates will … Continue reading National Living Wage and National Minimum Wage
With last Saturday marking the beginning of the new National Minimum Wage, it has never been so important for employers to ensure they are paying their employees the correct wages. Last month, HMRC continued its Name and Shame scheme by publishing a further 197 companies who owed a collective £465,000 in arrears. Since the Name … Continue reading Named and Shamed: The Importance of the Minimum Wage
The rates from 1st October 2016 are: £7.20 per hour – 25 yrs and over £6.95 per hour – 21 to 24 yrs £5.55 per hour – 18 to 20 yrs £4.00 per hour – 16 to 17 yrs £3.40 per hour – apprentices under 19 yrs £3.40 per hour - apprentices over 19 yrs … Continue reading The National Minimum Wage is changing – Are you prepared?
The much talked about National Living Wage (NLW) was finally introduced on 1st April this year for 25 and overs. While the National Minimum Wage (NMW) will still apply to those under 25, the NLW is a higher rate of pay of £7.20 per hour and is designed to encourage a reduced reliance on state … Continue reading To Pay Or Not To Pay – The National Living Wage
“Britain deserves a pay rise.” Those were the inspiring words of the Chancellor in his Summer Budget. But deserved or not, there are a lot of implications for British businesses this April, in order to initiate the new Living Wage for those aged 25 and over. The wage hike to £7.20 is expected to affect … Continue reading All Change To Incorporate Pay Rises
The National Minimum Wage is the minimum hourly rate most workers are entitled to, and is reviewed annually with changes usually occurring from October. From 1st October this year the rates for National Minimum Wage are: £6.70 per hour for workers aged 21 years and over £5.30 per hour for workers aged 18 to 20 … Continue reading National Minimum Wage Changes ahead