New National Living Wage

New National Living Wage

New National Living Wage

In April 2016 the governments New National Living Wages will become law.

If you are an employer, you’ll need to make sure you’re paying your employees correctly. From April 2016 all workers aged 25 and over are legally entitled to at least £7.20 per hour.

About the New National Living Wage

The government wants to move from a low wage, high tax, high welfare society to a higher wage, lower tax, lower welfare society.

The New National Living Wage is an essential part of this. It ensures that work pays, and reduces reliance on the state topping up wages through the benefits system.

Employees

If you are 25 and over then you should see the increase in your pay automatically from April, if you currently earn the current national minimum wage for adults of £6.70 per hour then the increase of 50 pence per hour ,if you are a full time worker will make an annual increase of at least £910. Please check your payslip in April to ensure your pay has been automatically increased. If you don’t see a difference you may want to speak to your employer or visit ACAS for more information.

For more information or advice on the above please contact Claytons Accountancy Services Ltd.