National Minimum Wage Increase
Minimum Wage Increase - April 2021
Don't forget the National Minimum wage has increased and now includes 23 and 24 year olds at the highest rate. The government previously announced that the national living wage will increase by 2.2% in April 2021 and will be extended to 23 and 24 years. For workers aged under 23, Commissioners recommended smaller increases in recognition of the risks to youth employment which the current economic situation poses. Haines Watts offers payroll solutions bespoke to your needs to ensure you pay your staff accurately and on time every time. We can provide payroll support for 1 or 100 employees and help with work place pensions administration.
Give us a call now on 01379 640555 or email email@example.com or visit our webpage here: https://www.hwca.com/accountants-diss/outsourced-payroll/.
The new rates from April 2021:
You must be school leaving age, see the government guide lines on school leaving age, to get the National Minimum wage and aged 23 or over to get the National Living Wage. The government website will help you work out minimum wages for different types of work if your employees are not paid by the hour.
There is also the Real Living Wage, and Living London wage, find out more here: https://www.livingwage.org.uk/what-real-living-wage
In the most recent Budget the Chancellor announced the extension of the apprenticeship hiring incentive in England to September 2021 and an increase of payment to £3,000. Find out more here.