National Living Wage and National Minimum Wage Increase on 1 April 2020Published on Business stage: Scaling, Starting, Thinking, Unlocking
From 1 April 2020, the government is increasing both the National Minimum and National Living Wage rates.
The national living wage is set to rise by 6.2% and takes hourly pay for people over 25 to £8.72.
Younger workers are paid the national minimum wage and will see their hourly pay increase by 6.5% to £8.20 for 21-to-24-year-olds. For 18 to 20-year-olds pay is up 4.9% to £6.45 an hour; for under-18s it is up 4.6% to £4.55 an hour; and for apprentices it rises by 6.4% to £4.15 an hour.
The changes can also be viewed here.
Businesses should review their current records and adjust accordingly to ensure the correct wage is being paid.
If you have any questions in relation to the above, please contact Ken Davies, Director of Payroll on 0151 4237500
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