April 2017 - Changes to Living and Minimum Wage - EA Assist
EA Assist Ltd offers payroll and bookkeeping services throughout Norfolk and Suffolk. We provide a complete payroll service including CIS, RTI and Auto-enrolment along with Bookkeeping, VAT and Cloud accounting services.
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April 2017 – Changes to Living and Minimum Wage

Service EA Assist Payroll National Living wage salary

April 2017 – Changes to Living and Minimum Wage

National Living & Minimum Wage April 2017

 

National Living and the Minimum Wage are due to increase in April 2017.

Historically the Minimum Wage has been announced in April and increased in October but going forward both wage rates will be updated in April.

The new and current details are shown below:

25 & over             21 to 24           18 to 20       Under 18          Apprentice

Current rate       £7.20                     £6.95                  £5.55            £4.00              £3.40

April 2017            £7.50                     £7.05                 £5.60            £4.05              £3.50

Apprentices

The rate of £3.40 is applicable for apprentices under the age or 19. For those apprentices who are 19 or over the apprentice rate of £3.40 may be used for the first year after which the minimum wage that is appropriate to their age group must be used.

So for example an apprentice aged 22 is entitled to £3.40 in their first year.

Apprentices are entitled to the minimum wage if they are over 19 and have completed their first year.

So if the apprentice has completed their first year of apprenticeship and is 22 they are entitled to the minimum wage of £6.95.

If you want to check what you need to pay a particular member of staff use the HMRC pay calculator

If you struggle to keep on top of all the changes within the payroll function then give us a call.

EA Assist Ltd can provide a cost effective payroll solution to meet your needs.

Call us now on 01379 646943.