You may remember we brought you the previous news about increases in the minimum wage back in October of last year. In April, the minimum wage is set to rise again, so we thought we’d bring you this quick update so you’re in the know.
The largest increase comes for those in the over 25 category, an increase of £0.30 from £7.20 to £7.50. Also important to note is that apprentices who are over 19 and have completed the first year of their apprenticeship will be entitled to the National Minimum Wage for their age bracket, instead of a base apprenticeship wage. Check out the full details on the government’s website here.
At K. A. Farr & Co. we do our best to keep you up to date on the latest changes that stand to affect your business. If you’re interested in learning more about how our chartered accountants can help you, get in touch today by calling 01704 211 434 or fill in our online contact form.