31 March
By Kath Buck
Categories: Industry News/Taxation

National Living Wage Increases from April 2017

National Living Wage Increases from April 2017

From April 2017:

As part of the Autumn Statement, and following the recommendations of the independent Low Pay Commission, the government has announced that it will increase the National Living Wage (NLW) by 4.2% from £7.20 to £7.50 from April 2017.

This is estimated to mean a pay raise for over a million workers. In total, earnings for a full-time worker on the National Minimum Wage (NMW) will have increased by over £1,400 a year since the indroduction of the NLW in April 2016.  The Goverment's target is for the NLW to reach 60% of median earning by 2020 subject to sustained economic growth.

The Goverment has also announced that they accept all of their recommendations for the other NMW rates (which were last increased in October 2016) to apply from April 2017 to increase the rate for:

  • 21 to 24 year olds from £6.95 to £7.05 per hour
  • 18 to 20 year olds from £5.55 to £5.60 per hour
  • 16-17 year olds from £4.00 to £4.05 per hour
  • apprentices from £3.40 to £3.50 per hourIf you have any queries or would like to discuss anything further on this matter, please get in touch with our payroll team for advice tailored to your particular circumstances.

If you have any queries or would like to discuss anything further on this matter, please get in touch with our payroll team for advice tailored to your particular circumstances.