Age Group National Living Wage (25+) NMW (21-24) NMW (18-20) NMW (16-17) | April 2018 £7.83 p.h. £7.38 p.h. £5.90 p.h. £4.20 p.h. | April 2019 £8.21 p.h. £7.70 p.h. £6.15 p.h. £4.35 p.h. |
Following the increases, its also really important that you also check to see if an employee needs to be taken into a pension scheme as the £10,000 trigger remains unchanged which means more people are likely to qualify. The Pensions Regulator has a useful toolkit here:
https://www.thepensionsregulator.gov.uk/en/employers
Pension contributions will also rise and this link is particularly helpful.
For more detailed advice, why not contact me here?