The National Minimum Wage for apprentices will increase by 57p an hour to £3.30. Additionally, the rate for 16 to 17 year olds will increase to £3.87.
The rise for adults is the largest real-terms increase since 2008 and the rise for apprentices is the largest to date.
Announcing the changes Prime Minister David Cameron said:
“At the heart of our long-term economic plan for Britain is a simple idea – that those who put in, should get out; that hard work is really rewarded; that the benefits of recovery are truly national. That’s what today’s announcement is all about – saying to hardworking taxpayers, this is a government that is on your side. It will mean more financial security for Britain’s families; and a better future for our country.”
Payroll Services in Essex
Not sure how this affects your business? Nine Ashes Bookkeeping provides payroll services across Essex, focusing on areas such as Brentwood and Chelmsford, where many small to medium businesses are located. We offer a personalised, friendly service at affordable prices. We ensure your payroll complies with the ever changing regulations and all RTI submissions are submitted correctly and on time.
If you are looking for a payroll services provider located near Brentwood or Chelmsford in Essex, give Emily a call to find out more about our payroll services and how we can help you with your business.