From October 1st 2014 National Minimum Wage Rates are going up.
- £6.50 – the main rate for workers aged 21 and over (up from £6.31)
- £5.13 – the rate for 18-20 year olds (up from £5.03)
- £3.79 – the rate for 16-17 year olds above school leaving age but under 18 (up from £3.72)
- £2.73 – for apprentices under 19 or 19 or over and in the first year of their apprenticeship (up from £2.65)
Now’s the time to update your payroll scheme Real Time Information (RTI) means you must use the correct data to ensure your reporting is accurate.
Remember we offer a payroll bureau service that’s designed to take away the headaches of both payroll and RTI.
Just give us a call on 01384 235549 or email us at firstname.lastname@example.org if you want to find out more.
Lewis Smith & Co. – Tax return specialists for business owners, directors and sole traders