Minimum and Living Wage Increases for 2020-21

Despite the current business disruption and economic turbulence, some things don’t change; a new payroll year means there are increases to the National Minimum Wage and Living Wage Rates from April 2020 onwards that Employers must be aware of.

If Accounting & General manages your payroll for you, we will increase the pay of any Employees who fall below the new minimum rates and inform you of the changes. You will need to review, approve and ask us to amend other employees as you wish.

If you are managing your own Payroll, you will have to identify which Employees need their Hourly Pay Rates increased based on their age. Once you have identified which Employees require an increase, you must ensure that the correct hourly rate is being paid by your first April Earnings Period.

Please see the table below for details on the new rates.

If you have any questions, please feel free to email office@accountingandgeneral.co.uk

 

2020-04-07T15:24:19+00:00 April 7th, 2020|Blog, Resources|