We provide our clients with regular updates on changes in taxation regulation, news from the world of accounting and, of course, information about the latest developments at Claydon Accountancy Ltd.
The National Minimum Wage
from April 2023
for all employees.
23 and over 21 to 22 18 to 20 Under 18 Apprentice*
£10.42ph £10.18ph £7.49ph £5.28ph £5.28ph
*Apprentices are entitled to the apprentice rate if they’re either:
For more information go to https://www.gov.uk/national-minimum-wage-rates
The National Minimum Wage
is increasing 6th April 2020
for all employees.
25 and over 21 to 24 18 to 20 Under 18 Apprentice*
£8.72ph £8.20ph £6.45ph £4.55ph £4.15ph
*this rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entiltled to the National Minimum Wage for their age.
For more information go to https://www.gov.uk/national-minimum-wage-rates
National Minimum Wage and National Living
Wage rates 2019/2020
National Living Wage (over 25s) £8.21ph
Age 21 – 24 £7.70ph
Age 18 – 20 £6.15ph
Age 16 – 17 £4.35ph
*Apprentices £3.90ph
*the apprentice rate applies to those aged 16 -18 training on an apprenticeship and to those aged 19 or over who are in their first year of an apprenticeship, after which they go onto the appropriate age-rated rate
National Living Wage
From April 2016, the government will introduce a new mandatory national living wage (NLW) for workers aged 25 and above, initially set at £7.20 – a rise of 50p relative to the current National Minimum Wage (NMW) rate. That’s a £910 per annum increase in earnings for a full-time worker on the current NMW.
The adult NMW rate is currently £6.70. From 1 April 2016 the premium will come into effect on top of the NMW, taking the national living wage to £7.20. The NMW will continue to apply for those aged 21 to 24, with the premium added on top for those aged 25 and over, taking the total hourly rate to the national living wage.
The National Minimum Wage is increasing on 1st October 2015 for all employees.
21 and Over 18 to 20 Under 18 Apprentice*
£6.70 £5.30 £3.87 £3.30
*this rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entiltled to the National Minimum Wage for their age.
For more information go to https://www.gov.uk/national-minimum-wage-rates and don’t forget to tell friend or family – they will be due a raise too. If you have a question, then call the Pay and Work Rights Helpline on 0800 917 2368.
We are all very proud of him here at Claydon Accountancy. Good Luck Adam and all the other nominees.
Have you heard? The National Minimum Wage is increasing on 1st October 2014 for all employees. Find out about the new rates at https://www.gov.uk/national-minimum-wage-rates and don’t forget to tell friend or family – they will be due a raise too. If you have a question, then call the Pay and Work Rights Helpline on 0800 917 2368.