Our website uses cookies to enhance the visitor experience (what's a cookieCookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

 

Contact us for more information or

Book a free Consultation

Call us today: +44(0) 1264 323791
or email: info@hysons.co.uk


Increased NMW rates from April 2020

Newsletter issue - February 2020.

Some three million workers are set to benefit from increases to the National Living Wage (NLW) and minimum wage rates for younger workers from 1 April 2020.

The compulsory NLW is the national rate set for people aged 25 and over. The NLW is enforced by HMRC alongside the national minimum wage (NMW), which they have enforced since its introduction in 1999.

Generally all those who are covered by the NMW, and are 25 years old and over, will be covered by the NLW. These include:

From 1 April 2020, the NLW rate (for 25 and overs) and the NMW rates (for other categories) will increase as follows:

The new rates should mean a pay rise of some £930 over the course of the year for a full-time worker on the NLW. Younger workers who receive the National Minimum Wage (NMW) will also see their pay boosted with increases of between 4.6% and 6.5%, dependant on their age, with 21-24 year olds seeing a 6.5% increase from £7.70 to £8.20 an hour.

Employers need to make sure they are ready for the new rates.

For further information, see the guidance Calculating the minimum wage at https://www.gov.uk/government/publications/calculating-the-minimum-wage/calculating-the-minimum-wage.