Posts Tagged National Minimum Wage

The biggest revenue raiser in the Budget was the changes to NICs. The increase in Employers’ NICs (increasing from 13.8% to 15% from April 2025) grabbed many of the headlines. What has been largely overlooked is the reduction in “Secondary Threshold” from £9,100 to £5,000. Allied to the increase in the National Living Wage, the changes will particularly affect those in the care, retail, hospitality and cleaning/maintenance sectors.

Yesterday, Chancellor Rachel Reeves delivered her Autumn Statement. We have sifted through the details and hope the following review, which we feel will be the most significant to our clients, will be helpful.

Further to our recent article on the National Minimum Wage (NMW) increases on 7 March 2024 – read…

All employers need to be aware that the National Living Wage (NLW) and National Minimum Wage (NMW) rates are increasing on 1‌‌‌ ‌‌April 2024. In addition, the National Living Wage will be extended to workers aged 21 and over (previously only for age 23 and over).

The UK Government has announced the annual increases in National Minimum Wage rates to apply from 1 April 2023.

Businesses are facing a perfect storm - rising inflation, increasing interest rates and higher energy costs. Make sure you have all the information you need to manage your finances.

In our first newsletter of 2022 we look at the rising cost of doing business, explore the changes to red diesel use and increasing employment costs. We also provide links to how you can better manage your finances in the tax year ahead as well as hearing from GWA's latest recruits as they start their careers.