National Minimum Wage and National Living Wage Increases from 1st April
It’s not all about Easter eggs or bad April Fools jokes on 1st April - it’s also the day the new rates for the National Living Wage and National Minimum Wage come into force.

The Chancellor announced there would be an increase in what people earn in the Budget back in November. The government reviews the rates every year taking advice from the Low Pay Commission (LPC) - an independent body. The LPC has said that 2018 sees the “largest increase in a decade for 18-20 and 21-24- year-olds, with a rise of 4.7 percent and 5.4 percent respectively”. (Source)

The rates for the minimum wage and living wage change every April. From 1st April workers will be legally entitled to the following rates as seen on the HMRC website

You must be at least:
● school leaving age to get the National Minimum Wage
● aged 25 to get the National Living Wage - the minimum wage will still apply for workers aged 24 and under

 
Year
25 and over
21 to 24
18 to 20
Under 18
Apprentice
April 2017 (current rate)
£7.50
£7.05
£5.60
£4.05
£3.50
April 2018
£7.83
£7.38
£5.90
£4.20
£3.70


Hargreaves Owen can help with any questions you may have, so for advice tailored to you, give us a call on 01462 791079 or email us at info@hargreavesowen.co.uk.

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