National Minimum Wage and National Living Wage Rates 2020-21

April 1st, 2020 | Posted in PAYE, Payroll, Small Business

The National Living Wage is applicable to all employees aged 25 and over.  The rate increased to £8.72 from 1st April 2020.  The National Minimum Wage applies to all other employees under 25.  The table below summarises the National Minimum Wage and Living Wage rates for the year commencing on 1 April 2019 and these are the minimum hourly rates that employees are entitled to by law:

Date 25 and over 21 – 24 18 – 20 Under 18 Apprentice
1 April 2020 £8.72 £8.20 £6.45 £4.55 £4.15

The apprentice rate applies to apprentices under the age of 19, or to those aged 19 and over but in their first year of apprenticeship.

Note that the above rates do not apply to the self-employed.

New law to ensure furloughed employees receive full redundancy payments. https://www.gov.uk/government/news/new-law-to-ensure-furloughed-employees-receive-full-redundancy-payments

A couple of reminders for today:

1. Today is the deadline for those eligible for the first self-employment income support (SEISS) grant to make the claim if they haven't already done so. https://bit.ly/2WdGpAx

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