Book Featured Banner
admin@mphaccountants.co.uk
This is some text inside of a div block.

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

Navigate
Twitter feed
MPH Accountants

We offer a friendly and professional service to our clients. Our client base is wide and varied ranging from small one-man bands to large limited companies, and our business principle is the same in that each client, no matter what size, has their own individual requirements.

Whitstable - 01227 277 667
Thanet - 01843 230 256
Purslea - 01547 578 222
Email: admin@mphaccountants.co.uk