National Minimum Wage and National Living Wage

//National Minimum Wage and National Living Wage

National Minimum Wage and National Living Wage

2020-02-19T10:16:57+00:00 February 19th, 2020|Company News|

The new National Minimum Wage/Living rates come into effect in April 2020 – to ensure compliance, make sure you’re up to date with the change.

  • The National Minimum Wage (NMW) is the minimum pay per hour most workers under the age of 25 are entitled to by law.
  • The government’s National Living Wage (NLW) is the minimum pay per hour most workers aged 25 and over are entitled to by law.

The rate will depend on a worker’s age and if they are an apprentice.

HMRC (HM Revenue & Customs) can take employers to court for not paying the NMW/NLW.

Current rates

  • £8.21 per hour for ages 25 and over.
  • £7.70 per hour for ages 21 to 24.
  • £6.15 per hour for ages 18 to 20.
  • £4.35 per hour for under 18.

Rates from April 2020

  • £8.72 per hour for ages 25 and over.
  • £8.20 per hour for ages 21 to 24.
  • £6.45 per hour for ages 18 to 20.
  • £4.55 per hour for under 18.

A new rate will apply to the next pay reference period that begins on or after the date:

  • a rate increase begins
  • an employee reaches a new age bracket.

For example: an employee paid on the 20th of each month will start to receive the new rate of minimum wage from 21 April onwards.

These rates are reviewed annually by the Low Pay Commission.

If a worker receives above NMW there is no legal obligation on an employer to increase their pay when the NMW rate increases.

Headquartered in Cambridge with regional presence in Kettering and Milton Keynes, Aspire Cambridge provide cost effective Recruitment and HR solutions to an impressive portfolio of customers spanning the UK and Europe. Working with a diverse collection of industries from start-ups to blue chip companies covering a vast range of sectors. Aspire Cambridge has an unrivalled knowledge of the jobs marketplace so it’s no wonder that they hold an impressive track record of exceeding client and candidate expectations.

How do they do it? By “Placing People First”.

Contact Aspire Cambridge:

T: 01223 855440
E: info@aspirecambridge.co.uk
Wwww.aspirecambridge.co.uk

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