Rises From October 1st 2015
New minimum wage rates apply from Thursday October 1st 2015. The rates for different ages of workers are, ascending order, as follows;
- £6.70 – the main rate for workers aged 21 and over
- £5.30 – the rate for 18-20 year olds
- £3.87 – the rate for 16-17 year olds above school leaving age but under 18
- £3.3 – for apprentices under 19 or 19 or over and in the first year of their apprenticeship
Remember to update your payroll scheme Real Time Information (RTI) to ensure your reporting is accurate.
Lewis Smith & Co. 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 info@lewissmith.com if you want to find out more.
Lewis Smith & Co. – Accountants for businesses in Tipton
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