UHY Ross Brooke Chartered Accountants

Tag: National Living wage

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National Living Wage & National Minimum Wage rates for 2022

The government have announced the rise in the National Minimum Wage and National Living Wage from April 2022. In full, the increases are: National Living Wage (23+) to increase from £8.91 to £9.50 National Minimum Wage (21-22) to increase from £8.36 to £9.18 National Minimum Wage (18-20) to increase £6.56

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National Living wage will hit business profits

There is just a month left before the new National Living Wage is introduced. From 1 April 2016 employees over the age of 25 who are currently earning the minimum wage rate of £6.70 per hour will see a 50p increase in their pay, bringing it to £7.20 per hour.

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