Minimum wage reminder

Employers are being reminded that they need to comply with changes to the minimum wage rates that are due to come into effect in October.

As from 1 October the new minimum wage rates all increase. Workers aged 22 and over must be paid a minimum of £5.73 per hour; workers aged 18 to 21, £4.77 per hour; and workers aged 16 to 17, £3.53 per hour.

Employers who fail to pay the legal rate could be fined by as much as £5,000.

However, a recent survey found that 44 per cent of firms employing just four members of staff (or fewer) are unaware of the pending increase.

If you need any help with the changes or with your managing your payroll, please don’t hesitate to contact us.