Linkedin Facebook Twitter User-lock

Changes to minimum wage rates

From April 2019, minimum pay rates will increase as set out below.
  • National Living Wage (NLW) rates for workers aged 25 and over – from £7.83 to £8.21 per hour.
  • National Minimum Wage rates:
    • workers aged 21–24 — from £7.38 to £7.70 per hour
    • workers aged 18–20 — from £5.90 to £6.15 per hour
    • workers aged 16–18 — from £4.20 to £4.35 per hour
    • apprentice rate — from £3.70 to £3.90 per hour.
The accommodation offset rate will rise to £7.55. This should mean that a full-time worker aged 25 and over on the NLW will receive an annual pay increase of £690. Employers are reminded that these rates are not optional. HMRC police the National Minimum Wage and NLW regulations and employers found to be in breach will be subject to penalties and have to repay any arrears to affected employees.

Share:

Accounting in Sheffield and Doncaster Certificates

Recently Added News

Related News

More corporate red tape

We are still waiting for the government to introduce secondary legislation that will oblige directors and others with significant control – so-called PSCs – to

New employment protections

The following changes were enacted from 6 April 2024. These changes apply to England, Wales and Scotland. Northern Ireland is not included as employment law

Opening up small company reporting

Companies House are working on detailed changes that will require small and micro sized companies to file information about their turnover and profits at Companies

Boost for small businesses

In a recent press release, HMRC underlined the benefits to smaller businesses from the increase in the VAT registration threshold and the business rates freeze.

Quick Links

cropped chartered accountants Royston Parkin Sheffield preview
Quick Links
Our Offices
Follow us

Follow us to keep up to date on our social platforms

Copyright © 2021, Royston Parkin

Linkedin Facebook Twitter
Web + SEO - LoudCrowd