National Minimum Wage (NMW) Archives

Dec 15 2024

National Minimum Wage And Salary Sacrifice

By admin HMRC, National Living Wage (NLW), National Minimum Wage (NMW), Potts & Co Accountancy & Business Advice News

As announced in the Autumn Budget, the national minimum wage (NMW) and the national living wage (NLW) are set to increase from April 2025 The hourly rate will depend on the worker's age and whether they are an apprentice. The NLW applies to workers aged 21 and over, while workers…

Mar 03 2023

Largest Ever NMW Rise

By admin HMRC, National Minimum Wage (NMW), Potts & Co Accountancy & Business Advice News

The National Minimum Wage (NMW) and national living wage (NLW) rates are due to rise significantly for pay periods starting on and after 1 April 2023. These increases - the largest since the NMW began - are being introduced because inflation is running at around 10%. Employers should be careful…

Nov 18 2021

National Minimum Wage Rates Rise

By admin Budget Update, HMRC, National Minimum Wage (NMW), Potts & Co Accountancy & Business Advice News

The national living wage (NLW) will rise to £9.50 per hour for pay periods starting on and after 1.4.22 along with the other national minimum wage rates (see table). Since 6.4.21 the NLW rate has applied to workers aged 23 and over. The apprentice rate will rise significantly by 11.9%…

Mar 18 2018

NMW & Directors

By admin HMRC, National Minimum Wage (NMW), Personal Tax, Potts & Co Accountancy & Business Advice News

The national minimum wage (NMW) rates rise on 1 April 2018. Are you certain you know what pay rise you must give to employees and whether the directors should be included in those calculations? The five NMW rates depend on each employee's age and whether they are on an approved…

National Minimum Wage (NMW)

National Minimum Wage And Salary Sacrifice

Largest Ever NMW Rise

National Minimum Wage Rates Rise

NMW & Directors

Recent Posts

or choose a News Category…

Address:

Call: