Did you know the National Minimum Wage is changing again?
At Vincent & Co we aim to keep you up-to-date with all the latest news from HMRC, so here are the details of the new National Minimum Wage:
Effective from April 2017 the National Minimum Wage rates will be increasing again.
Please be aware that they will change every April from this date.
There will be no further changes in October. The new rates from April 2017 are:
Workers aged 25 years or more: £7.50 per hour
Workers aged 21 to 24 years: £7.05 per hour
Workers aged 18 to 20 years: £5.60 per hour
Workers aged under 18 (but above compulsory school age): £4.05 per hour
Apprentices aged 19 and over, but in the first year of apprenticeship: £3.50
Apprentices aged 19 or over who have completed one year of their apprenticeship are entitled to receive the national minimum wage rate applicable to their age.
If you need any help or assistance with implementing these changes in your business please call Vincent & Co on 01803 500 500.