If you employ people in your business, then it’s essential to keep up to date with the changes to the National Living Wage and National Minimum Wage.
Below we are giving the details of the increase that will take place from April 2019, so you can plan how this will impact on your finances.
Following the recommendations of the independent Low Pay Commission, the government will increase the National Living Wage by 4.9% from £7.83 to £8.21 from April 2019.
The government will also accept all of the Low Pay Commission’s recommendations for the other National Minimum Wage rates to apply from April 2019, including increasing the rates for:
Many businesses now outsource their payroll and this way they can be confident that all these updates are factored in at the right time. If you would like to find out more about how we can support you with your payroll or if you want advice on the impact of these increases on your business finances then please do get in touch by calling 01623 490 120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
Call us today on01623 490120
or email info@watsonk.co.uk
When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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