AGL Chartered Accountants would like to remind our clients and local businesses that the National Minimum Wage and National Living Wage are set to increase from 1st April 2018.
Following the increase, the new rates include:
• National Living Wage (25 years old and over) – £7.83 per hour
• National Minimum Wage adult rate (21 to 24 years old) – £7.38 per hour
• National Minimum Wage (18 to 20 years old) – £5.90 per hour
• National Minimum Wage (16 to 17 years old) – £4.20 per hour
If you require any assistance updating your wage rates for the 2018/19 tax year, AGL Chartered Accountants will be happy to assist you.