National Minimum Wage Increase
The National Living Wage (NLW), known as ‘Minimum Working Wage’ is a set hourly rate that all workers in the UK are entitled to be paid. The amount depends on your age and whether you are an apprentice.
As an employer, it is a violation of the law to not adhere to the NLW, in this scenario an employee has the right to seek proper compensation. Our job is to keep businesses aware of all legislation changes such as this one so that you can be proactive as a business ahead of time and make the changes that you need to.
The NLW is increasing, effective from the 1st of April. As an employer, you must pay this as a minimum which is why we have created a clear table so you are aware of the changes and can avoid breaching legislation.
This is what the National Minimum Wage currently is:
|25 and over (NLW)||£8.72|
|21 – 24||£8.20|
|18 – 20||£6.45|
|16 – 17||£4.55|
National Minimum Wage effective from 1st April:
|Age||Rates from April 2021|
|23 and over (NLW)||£8.91|
|21 – 22||£8.36|
|18 – 20||£6.56|
|16 – 17||£4.62|
How can we help
If you would like to find out more about these changes or need advice about anything that is mentioned in the blog then we’re here to help! At Spire HR we can help with advice, support, payroll, and more.
Please do not hesitate to contact us via – 01925 626253 or at firstname.lastname@example.org