Employers are facing another increase to The National Minimum Wage and The National Living Wage. The new rates will be applied from the 1st April 2017 and will replace the rates that were introduced on 1st October 2016.
The National Minimum Wage is the minimum pay per hour most workers are entitled to by law.
The National Living Wage is the minimum pay per hour workers 25 and over are entitled to by law.
The new rates from the 1st April 2017 are as follows
· £3.50 for apprentices under 19 or 19 or over who are in the first year of apprenticeship
· £4.05 per hour - 16-17 yrs old
· £5.60 per hour - 18-20 yrs old
· £7.05 per hour - 21-24 yrs old
· £7.50 per hour - 25 yrs old and over
Most employees are entitled to the new rates however there are a small number of people who are not entitled these include
· Self employed People
· Volunteers or Voluntary Workers
· Company directors
· Family members
The current penalty for not paying the National Living wage is 200% of the amount owed unless its paid within 14 days! Not sure on what to do or need some advice? Don’t hesitate to contact us today on 0800 1310131.