03 Jan National and Minimum Wage Increase in April 2020
National And Minimum Wage Increase April 2020
The government has announced that the national living wage will increase by 6.2% in April. Nearly 3 million workers will benefit from the increase with low paid workers seeing their wages grow by 8% above inflation between April 2015 and April 2018.
EA Assist offers payroll solutions bespoke to your needs to ensure you pay your staff accurately and on time every time. We can provide payroll support for 1 or 100 employees and also help with work place pensions. To find out more give us a call now.
The chancellor has also announced his plan to expand the National Living Wage to cover workers aged 23 and over from April 2021 and to those aged 21 within 5 years.
As of 1st April 2020 the new rates will be as follows:
|Now||From April 2020|
|25 and over||£8.21||£8.72||National Living Wage|
|21 to 24||£7.79||£8.20|
|18 to 20||£6.15||£6.45|
*more information on apprentices wages will be released soon.
You must be school leaving age, see the government guide lines on school leaving age, to get the National Minimum wage and aged 25 or over to get the National Living Wage.
The government website will help you work out minimum wages for different types of work if your employees are not paid by the hour. To find about more about this click here .
There is also the Real Living Wage, and Living London wage, find out more here.
Find out how we can help you free up you time to focus on your business. We can manage your payroll function by ensuring we file and report on time and accurately. We can offer digital payslips or printed – depending on what you would like. Find out more about our payroll services here.
To find our more about how EA Assist can help you, give us a call now on 01379 646943 or email firstname.lastname@example.org.