The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice - you must be at least school leaving age to get it. Since October 2015, adults aged 21 and over have been entitled to £6.70 per hour but the rates can be viewed on gov.uk here.
From April 2016, the National Living Wage is also being introduced. All workers aged 25 and over will be legally entitled to the National Living Wage which will initially be £7.20 per hour. The minimum wage will still apply for workers aged 24 and under though.
So both the National Minimum Wage and the National Living Wage will co-exist but an employee's entitlement will depend on their age.
If you would like any support in managing your payroll, please get in touch. Your local TaxAssist Accountant would be happy to help, and they're already geared up for the new Workplace Pensions laws.
By Jo Nockels
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