National Minimum Wage (NMW) and National Living Wages (NLW) increased from 1 April 2020. Please see the table below for the new rates:
|Year||25 and over||21 to 24||18 to 20||Under 18||Apprentice|
Employers should review the ages of employees to ensure they are paid the correct gross pay when carrying out your payroll procedures. At Shapcotts we check an employee’s age as part of the Payroll Bureau service we offer to clients. If you have any queries, please contact us.
The National Living Wage increases by 6.2% and National Minimum Wage rates between 4.6% and 6.5%, more than twice the rate of inflation. Businesses should review prices and productivity to ensure consistent profitability.
February 25th, 2020