During April 2019, the National Minimum Wage rates will change for UK businesses and to make sure you don’t get caught out, here at The Business Connection, we have compiled everything you need to know about the upcoming changes including what you are legally required to pay your staff.
The new NMW (National Minimum Wage) changes will take place from Monday 1st April 2019 and will reach nearly a 5% increase. These changes are set to benefit around 2.4 million workers in the UK aged 16 and over.
As of April, the National Living Wage which is for people aged 25 and over will increase from £7.83 to £8.21 an hour, and the National Minimum Wage will rise from £7.38 to £7.70 for 21 to 24-year-olds.
What’s more, as of 6th April 2019, employers who have a pension scheme must increase their contribution from 2% to 3%, while employees must increase their input from 3% to 5%.
Full changes as of April 1st 2019 are as follows:
– For 21 to 24-year-olds, the rate is £7.70
– For 18 to 20-year olds, the rate is £6.15
– For 16 to 17-year olds, the rate is £4.35
– For apprentices, the rate is £3.90
If you want to know more about these changes, or have any recruitment needs, get in touch with The Business Connection’s expert team today by calling 01244 434 386.
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