As an employer, it’s important to keep track of the National Minimum Wage and National Living Wage if you have staff that are being paid at this level.
From the 1st April 2018, the government is increasing National Minimum Wage and National Living Wage rates. This means that employees of school leaving age, will get the increase in National Minimum Wage. And if they are aged 25, you will receive the increased National Living Wage rate.
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
If you have an apprentice or are considering taking on an apprentice, they are entitled to the apprentice rate if:
For apprentices aged 19 or over are entitled to the minimum wage for their age if they have completed the first year of their apprenticeship.
If you want to find out more about the National Minimum Wage and National Living Wage rate increases, then please do get in touch by calling 01623 490120 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..
Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
Call us today on01623 490120
or email info@watsonk.co.uk
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