Newsletter Spring 2016

Increase in NMW

The National Minimum Wage (NMW) rate normally increases on 1 October, but the next rate change applies for pay periods that fall on or after 1 April 2016. From that date employees who are aged 25 and over must be paid at least £7.20/hr (the 'living wage').

Such individuals, who work 35 hours per week, will see their wage rise from £234.50 to £252. This will cost the employer an extra £19.91 per week including NIC. If the employee is enrolled in a company pension the total cost will be higher. We can help you identify which employees should receive a pay rise, and budget for this extra cost.