09 Jan National Living Wage from April 2020 & change to May bank holiday
Below are details some of the key changes taking place from April 2020 which you should be aware of.
The National Minimum and National Living Wage increases
You must ensure that you pay your staff the rates below from April 2020. Note the apprentice rates apply if the employee is aged under 19 or, aged over 19 and in their first year of apprenticeship.
The chancellor has also announced his plan to expand the National Living Wage to cover workers aged 23 and over from April 2021 and to those aged 21 within 5 years.
| Year | 25 and over | 21 to 24 | 18 to 20 | Under 18 | Apprentice |
|---|---|---|---|---|---|
| April 2019 (current) | £8.21 | £7.79 | £6.15 | £4.35 | £3.90 |
| April 2020 | £8.72 | £8.20 | £6.45 | £4.55 | £4.15 |
May Bank Holiday
The early May bank holiday in 2020 will also move from Monday 4 May to Friday 8 May to mark the 75th anniversary of VE day.
If you have any questions about payroll then please contact us. We operate a payroll service to ensure your payroll submissions are on time, every time.