National Minimum Wage Increase
If you are one of the 1.4million people currently being paid the National Minimum Wage, then from the 1st October you will be getting a payrise! How much you will be entitled to will depend on your age with the figures set to rise as follows:
Apprentice: £3.30 per hour
Under 18: £3.87 per hour
18 to 20: £5.30 per hour
21 and over: £6.70 per hour
This represents a rise of approximately 3% for those on the National Minimum Wage. Employers need to ensure that all employees are paid at least these amounts per hour for their particular age bracket.
For any advice on PAYE, employment issues or anything else to do with this matter, please call Franklin & Co Accountants on 01305 831742.