Accounting News

National Minimum and National Living Wage

Reminder – Changes to National Minimum and National Living Wage from April 1st

Friday 9 March, 2018

You may have heard that the National Minimum and National Living Wage are set to rise together on April 1st 2018. Employers need to review their workers’ pay rates and take appropriate payroll action for those eligible in your organisation.

The new rates will be:

A worker must be at least school leaving age to get the National Minimum Wage and aged 25 to get the National Living Wage.

Apprentices are entitled to the apprentice rate if they are aged under 19, or aged 19 and over and in their first year of an apprenticeship.

Tena Wallace, HR & Payroll Director, Visionary Accountants, St Albans said: ‘Your business must amend its pay rates and ensure payroll software is updated from April 1st to take account of these changes. At Visionary Accountants we specialise in offering payroll for many small and medium businesses within Hertfordshire, London and the surrounding area. If you would like a free initial consultation for your business please contact us on 01727 730550.’


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