UK payroll compliance updates today – check if you’re paying/being paid correctly
The national minimum wage and national living wage increase has come into effect today. The new hourly rate for the minimum wage still depends on age and whether you’re an apprentice or not. You must also be at least school leaving age to get the national minimum wage (the school leaving age depends on where a person in the UK lives, click here to find the varying UK school leaving ages). People 25 and over get the national living wage while the minimum wage applies to workers aged 24 and under. The new rates for the UK national minimum wage and national living wage are as follows:
The following table shows the previous UK national living wage and the national minimum wage:
Apprentices are entitled to the apprentice rate if they’re either:
- aged under 19
- aged 19 or over and in the first year of their apprenticeship
For example, an apprentice aged 22 in the first year of their apprenticeship is entitled to a minimum hourly rate of £3.40
Apprentices are entitled to the minimum wage for their age if they both:
- are aged 19 or over
- have completed the first year of their apprenticeship
For example, an apprentice aged 22 who has completed the first year of their apprenticeship is entitled to a minimum hourly rate of £6.95
It doesn’t matter how small an employer is, they still have to pay the correct minimum wage. Use www.gov.uk’s minimum wage calculator to check if the correct minimum wage has been paid.
Workers can check if:
- they’re getting the correct minimum wage
- an employer owes them payments from past jobs
Employers can check if:
- they’re paying the correct minimum wage
- they owe a worker payments from past jobs
PaycheckPlus – Payroll Outsource Provider
Payroll compliance requirements change regularly and it’s imperative that HR, payroll teams, accountant’s etc. keep up with these changes otherwise significant penalties can be incurred. Payroll mistakes can be costly for companies and ensuring payroll compliance can be difficult for businesses and staff that don’t have payroll as a core focus. However, here at PaycheckPlus we specialise in payroll and provide payroll solutions tailored to the specific needs of businesses. We provide managed payroll, auditing, consultancy, payroll workshops and many other services that ensure payroll compliance. We also provide a cover service for payroll staff which gives companies (and payroll staff) peace of mind that their employees will still get paid even if their payroll team becomes ill or goes on leave.
To ensure payroll accuracy and for expert support contact PaycheckPlus today.
For information and assistance on processing payroll for employees, call +353 (0)41 98 92 100 or Request a callback from our Payroll Team today.
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