From 1st April 2018 all employers will need to comply with the new National Minimum Wage and National Living Wage rates.
The government is committed to increasing the National Living Wage annually with plans to further increase the new wage to £9 per an hour by 2020. This rise will effectively require 6% year-on-year increases.
The new rates as of April 2018 will be:
|Year||25 and over||21 to 24||18 to 20||Under 18||Apprentice|
|April 2017 (current)||£7.50||£7.05||£5.60||£4.05||£3.50|
The apprentice rate relates to all employees who are in the first year of their apprenticeship and any apprentice less than 19 years of age.
By Kris Kerins BSc (Hons) PGC (Tech Mgmt) – Risk Services Adviser