Client login

National Minimum and Living Wages Rates – April 2019

14 March 2019

The rates that come into force from 1 April 2019 are:

  • For workers aged 25 and over, the national living wage, will rise from £7.83 to £8.21 per hour
  • The adult rate for workers aged 21 to 24 will rise from £7.38 to £7.70 per hour
  • The development rate for workers aged 18 to 20 will rise from £5.90 to £6.15 per hour
  • The 16-17 year old rate will rise from £4.20 to £4.35 per hour
  • The apprentice rate will rise from £3.70 to £3.90 per hour

If you require any further information on the national minimum wage please click the following link or contact us directly https://www.gov.uk/national-minimum-wage-rates

There is also an increase in the automatic enrolment pension contributions from 6 April 2019 as follows:

Qualifying earnings

·         Employer minimum contribution will rise from 2% to 3%

·         Staff contribution will rise from 3% to 5%

·         Total minimum contribution will rise from 5% to 8%

Contributions calculated on gross earnings

·         Employer minimum contribution will rise from 3% to 4%

·         Staff contribution will rise from 3% to 5%

·         Total minimum contribution will rise from 6% to 9%

Contributions calculated on gross earnings based on at least 85% of total earnings

·         Employer minimum contribution will rise from 2% to 3%

·         Staff contribution will rise from 3% to 5%

·         Total minimum contribution will rise from 5% to 8%

Contributions calculated on all earnings

·         Employer minimum contribution will rise from 2% to 3%

·         Staff contribution will rise from 3% to 4%

·         Total minimum contribution will rise from 5% to 7%

If you require any more information please click the following link or contact us directly https://www.thepensionsregulator.gov.uk/en/business-advisers/Automatic-enrolment-guide-for-business-advisers/About-automatic-enrolment/Minimum-contribution-increases-planned-by-law-phasing

 

Go Back
Back to home