New National Minimum Wage and National Living Wage Rates

Payroll Support

If you pay any of your staff the National Minimum Wage (NMW) and/ or National Living Wage (NLW), you need to be aware that new rates now apply (as of 1 April 2017).
Please note the NLW for those aged 25 and over will increase from £7.20 to £7.50 per hour.
The NMW will also increase for apprentices and workers over the age of 20. The following rates will therefore apply:

  • £7.50 – the NLW for those aged 25 and over
  • £7.05 – the main rate for workers aged 21 to 24 years old
  • £5.60 – the 18-20 rate
  • £4.05 – the 16-17 rate for workers above school leaving age, but under 18
  • £3.50 – the apprentice rate, for apprentices under 19, or 19 or over and in the first year of their apprenticeship

What you need to do…
You need to ensure that the changes are reflected in the payroll of any of your employees who are affected.
If you have any further queries, please contact our payroll team who are happy to help, payroll@raffingers.co.uk.