Employers need to check that they are observing the new rates effective from 1 April 2021 for the mandatory National Living Wage for workers aged 25 and above and the National Minimum Wage (NMW) rate.
This means any employee aged 25 or over, including employed directors, working a standard 35-hour week must be paid an annual salary of at least £16,216.20 for the year ending 31 March 2022 to avoid falling foul of the new mandatory minimum pay rules.
|Effective from:||25 and over||21 to 24||18 to 20||Under 18||Apprentice|
The apprentice rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the NMW for their age.
Call us on 01202 482121 if you are looking for some free advice on how to plan the best remuneration package for your employees.
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Match one of the client profiles below, and you will know we can deliver the service you need at the fee level stated.
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Sigma House, 44 Willow Way
Christchurch, Dorset, BH23 1LA
Tel: 01202 482121