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It is important to remember that the minimum wage pay rates increased from 1 April 2024. Failing to increase to the new rates can result in penalties being charged.
The new minimum wage payment rates are set out below:
2023/24 rate
2024/25 rate
21 and over (previously 23 and over)
£10.42
£11.44
18 to 20
£7.49
£8.60
Under 18
£5.28
£6.40
Apprentice
Accommodation Offset
£9.10
£9.99
If you need help with any aspect of your payroll, please do not hesitate to call us. We will be happy to help!
See: https://www.gov.uk/national-minimum-wage-rates
08 Apr 2024
HMRC's decision to halt its plans to restrict taxpayer helplines and direct people to online services instead has been met with relief by the Federation of Small Businesses (FSB).
The Chancellor made further changes to National Insurance contributions (NICs) following the cuts made in the Autumn Statement 2023.
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