National Minimum Wage Increase 2017
Example: An apprentice aged 22 in the first year of their apprenticeship is entitled to a minimum hourly rate of £3.50.
The minimum wage for 25-year-olds will rise 4% from £7.20 to £7.50 per hour, in new plans set to go live on 6 April that will leave earners up to £500 better off.
When looking at minimum wage per month, The United Kingdom is currently at the highest amount in 15 years. After a drop between 2007 and 2009, it has gradually been rising. Although this is still one of the lowest minimum wages in Western Europe.
Employers should pay particular attention to these increases and ensure that they comply with these rates and continually monitor the age of their workforce to ensure that all staff are paid the appropriate rate. HMRC recently named and shamed 17 Northern Ireland Business for underpaying workers and fined around 100 businesses in the UK for failure to comply. For more information please check out the following link: http://www.bbc.co.uk/news/uk-northern-ireland-38983458
The Government’s National Living Wage was introduced on 1 April 2016 for all working people aged 25 and over, and is currently set at £7.20 per hour. In April 2017 it will go up to £7.50 in line with Chancellor Philip Hammond’s Autumn Statement and Spring Budget announcement. Chancellor Philip Hammond said he hopes to give a big boost to the so-called ‘National Living Wage’, launched under his predecessor George Osborne’s vision, in a bid to get it to £9 by 2020.
The weekly rate of statutory maternity, paternity, adoption and shared parental pay will increase to £140.98 for pay weeks commencing on or after 2 April 2017. The weekly rate of statutory sick pay will increase to £89.35 from 6 April 2017.
Contact Consult HR today if you need assistance with the National Minimum Wage Increase 2017.
