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New National Minimum Wage rates and changes to the National Living Wage qualifying age

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New National Minimum Wage rates and changes to the National Living Wage qualifying age

From 1st April 2021 the National Minimum Wage rates are increasing.

The age from which workers become eligible for the higher National Living Wage will be lowered. This means that from 1st April 2021, workers aged 23 and over will now also be entitled.

It will increase by 2.2% from £8.72 to £8.91, and will be extended to 23 and 24 year olds for the first time.

                                              Rate from April 2020         Rate from April 2021        Increase

National Living Wage           £8.72                                   £8.91                                2.2%

21-22 Year Old Rate              £8.20                                   £8.36                                2.0%

18-20 Year Old Rate              £6.45                                   £6.56                                1.7%

16-17 Year Old Rate              £4.55                                    £4.62                                1.5%

Apprentice Rate                    £4.15                                    £4.30                                3.6%

Please ensure for all members of staff who do not have an hourly breakdown on their payslip, that our payroll department are made aware of their hours and rate. If we do not hold this information it may result in incorrect pay, meaning you may be fined by HMRC. If you would like to discuss this with a member of staff please contact payroll@mphaccountants.co.uk

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