New National Living Wage From April 1st 2016

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Just a reminder for employers that the new National Living Wage comes in to force on the 1st April 2016. There is little difference between this and the existing Minimum Wage but it is essentially a premium for workers who are 25 and over.

The current minimum wage rates are here: https://www.gov.uk/national-minimum-wage-rates

At the moment anyone over 21 gets the top rate. From April 1st there will be a new age break at 25. From that date the new National Living Wage will be £7.20 an hour. Full information here: https://www.livingwage.gov.uk

HMRC are running a series of Webinars for interested parties, the information is listed below you can sign up for an HMRC webinar on this page https://www.gov.uk/government/news/webinars-emails-and-videos-on-employing-people

 

John McLaughlin Chartered Accountant Scotland

John McLaughlin

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