You may have seen all over the news, social media and pretty much everywhere else, that the National Minimum Wage (Amendment) Regulations 2016 have been made and these come into force from 1 April 2016.
What does that mean for you? Whether you are an employer or an employee, the changes will affect you. The minimum wages which will be effective as of 1 April 2016 are as follows:
- Over 25’s – £7.20 per hour, which is the National Living Wage;
- 21 – 25 – £6.70 per hour;
- 18 – 21 – £5.30 per hour,
- Under 18’s – £3.87 per hour; and
- Apprentices – £3.30 per hour.
So, if you are a business owner, make sure you are implementing these changes; alternatively, if you are an employee, then you can expect these increases to be made as of 1 April 2016.
You may not be aware, but there are employers who are discussing the impact of the National Living Wage and what will happen if they dismiss their workers that are aged above 25, to avoid them having to pay out this new wage.
Let us know what your thoughts are, or if you need any assistance contact us at phillipa@loftusstowe.com
