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National Living Wage

February 26, 2016 By Jet Accountancy

minimum wage

In April 2016 the Government’s new National Living Wage will become law.

If you’re working and aged 25 or over and not in the first year of an apprenticeship, you’ll be legally entitled to at least £7.20 per hour. That’s an extra fifty pence per hour in your pocket. The Government is committed to increasing this every year.

If you’re an employer, you’ll need to make sure you’re paying your staff correctly from 1st April 2016, as the National Living Wage will be enforced as strongly as the current National Minimum Wage.

Take these four steps to be ready for the change:

  1. Check you know who is eligible in your organisation. Find out on GOV. UK’s employment status page.
  2. Take the appropriate payroll action. Find useful guidance in HMRC’s tutorials.
  3. Let your staff know about their new pay rate.
  4. Check your staff under 25 are earning at least the right rate of National Minimum Wage.

 

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