National Minimum Wage Increase

Are you paying your employees the National Minimum Wage?

The National Minimum Wage (NMW) bands are due to change from 1 October 2015 and HM Revenue & Customs (HMRC) are handing out severe penalties for employers who don’t comply with the law.

The NMW is the minimum pay per hour workers are legally entitled to.  It doesn’t matter how many employees you have, you still have to pay the minimum wage.

The hourly rate you pay depends on a worker’s age and if they’re an apprentice.  From 1 October 2015 the following rates apply:

The apprentice rate is for those aged 16 to 18 and those aged 19 or over who are in their first year.  All other apprentices are entitled to the National Minimum Wage for their age.

In addition to the NMW, the government recently announced that a National Living Wage of £7.20 an hour will be introduced in April 2016 for those aged 25 and over.

HMRC is determined that everyone who is entitled to the NMW receives it and when the new National Living Wage is introduced it will be enforced robustly.  Employers who are not paying the legal minimum wage could find themselves served with a notice requiring them to pay any arrears along with a financial penalty.

If you have any questions on the minimum wage entitlement for your employees, please give our payroll team a call on 01228 530913 or 01768 864466.

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