National minimum wage increased on 1st October from £6.50 to £6.70 for employees aged 21 and over. On 1st April 2016 the National Living Wage will be introduced requiring employers to pay £7.20 per hour to employees aged 25 and over. Also from 6 April 2016 the Employment Allowance for Employers will increase from £2,000 to £3,000 per annum. This is an offset against Employers NI contributions. Sole Directors however will no longer be able to claim this allowance.
Minimum wage, Living wage and Employers Allowance
by Ray Baxter | Oct 24, 2015 | Business Updates