National Minimum Wage and Living Wage

The National Minimum Wage and Living Wage are going up from 1 April 2018.

The new rates are:

Apprentice rate rises from £3.50 to £3.70

Under 18 rises from £4.05 to £4.20

18 to 20 year olds rate rises from £5.60 to £5.90

21 to 24 year olds rate rises from £7.05 to £7.38; and

25 and over see a rise from £7.50 to £7.83

Don’t forget to ensure you payroll software is update for the above rises.

 

 

Author:

Jason is a Qualified Accountant in both the UK and Australia. Jason has for over 30 years advised and supported many hundreds of UK owner managed businesses, through the good times and the bad ones. Jason formed Holden Associates to offer his no nonsense down to earth business approach in 2002. Holden Associates operate Nationally throughout the UK from their Lancashire base.

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