April bring many things – longer days, warmer weather (apparently), spring bulbs and bouncing lambs. April also brings a number of increases in employer’s costs. Please note the following:
The National Minimum Wage increases:
Aged 21-24: from £7.05 to £7.38
Aged 18-20: from £5.60 to £5.90
Under 18: from £4.05 to £4.20
Apprentice: from £3.50 to £3.70
In addition the National Living Wage for those aged 25 and over rises from £7.50 to £7.83.
Contributions to Auto-Enrolment Pensions have also increased. The previous contributions were: 1% from employers; and 1% from employees. This has increased for 6th April 2018 to 5th April 2019 to: 2% from employers; and 3% from employees.
If you have any queries please contact Jackie or Andrew on 01625 524127.