National Minimum Wage Increase Reminder
A reminder that the National Minimum Wage (NMW) is set to increase on 1st April 2017. The rate applies to both salaried and hourly paid employees. The new rates will be as follows:
|Current rate||Rate from 1 April 2017|
|25 yrs old and over||–||£7.50|
|21-24 year olds||£6.95||£7.05|
|18-20 year olds||£5.55||£5.60|
|16-17 year olds||£4.00||£4.05|
|*For apprentices under 19 or 19 or over who are in the first year of apprenticeship|
The rates will then change every April.
It is important that employers update their payroll in time for 1st April 2017.
Employers need to be aware that failure to pay staff the NMW is a criminal offence and can give rise to fines and expensive claims.
If you need any help with implementing these changes or if you have any queries about your payroll please contact: