A reminder to you all that the changes to the National Living Wage and National Minimum wage take effect from April 2019.
The hourly rate for the minimum wage depends the employee’s age and whether they are an apprentice.
The rates are as follows:
| Year | 25 and over | 21 to 24 | 18 to 20 | Under 18 | Apprentice |
| April 2018 (current rate) | £7.83 | £7.38 | £5.90 | £4.20 | £3.70 |
| April 2019 | £8.21 | £7.70 | £6.15 | £4.35 | £3.90 |
National Living Wage & National Minimum Wage:
The government has set a target for the NLW to reach 60% of median earnings by 2020 (subject to sustained economic growth).
Announcements in the Budget include:
Increasing the NLW by 4.9% from £7.83 to £8.21 from April 2019, which will benefit around 2.4 million workers
Accepting recent recommendations by the Low Pay Commission to increase NMW rates from April 2019 as follows:
The hourly rate for the minimum wage depends on your age and whether you’re an apprentice.
You must be at least:
These rates are for the National Living Wage and the National Minimum Wage. The rates change every April.
| Year | 25 and over | 21 to 24 | 18 to 20 | Under 18 | Apprentice |
|---|---|---|---|---|---|
| April 2017 (current) | £7.50 | £7.05 | £5.60 | £4.05 | £3.50 |
| April 2018 | £7.83 | £7.38 | £5.90 | £4.20 | £3.70 |
GOOD NEWS FOR EMPLOYERS
Businesses will have their employer National Insurance bill cut by another £1,000 from April 2016, as the Employment Allowance rises from £2,000 to £3,000. The Employment Allowance gives businesses and charities a cut in the employer National Insurance they pay.
This means that businesses and charities will be able to employ 4 people full time on the National Living Wage and pay no National Insurance at all.
https://www.gov.uk/government/news/summer-budget-2015-key-announcements
ARE YOU READY?
In only two weeks’ time, that is on 1st April 2016, the Government’s new National Living Wage will become LAW.
If you’re working and aged 25 or over and not in the first year of an apprenticeship, you’ll be legally entitled to at least £7.20 per hour.
If you’re an employer, you’ll need to make sure you’re paying your staff correctly from 1st April 2016, as the National Living Wage will be enforced as strongly as the current National Minimum Wage – which still applies to those aged under 25
On 1st April 2016 the Government’s new National Living Wage will become LAW.
If you’re working and aged 25 or over and not in the first year of an apprenticeship, you’ll be legally entitled to at least £7.20 per hour.
If you’re an employer, you’ll need to make sure you’re paying your staff correctly from 1st April 2016, as the National Living Wage will be enforced as strongly as the current National Minimum Wage – which still applies to those aged under 25