It has been such a busy day today wrapping up the last few payroll year ends that we nearly didn't have time to tell you about the new rates and thresholds you should be using from the 6th April 2017.
Now would be a good time to get some help with your payroll by outsourcing it to us at Paytec Online Payroll Services Ltd.
We are currently running our final weekly and monthly payrolls for the current tax year 2016-2017 and have already started the payroll year end process for our clients.
If payroll year end is giving you a headache and is becoming a problem, then now would be a good time to outsource your payroll.
Contact us today for a free quote.
From the 1st April 2017 the National Minimum Wage and National Living Wage will increase to the following hourly rates:
Workers aged 25 and over will be entitled to 7.50 per hour.
21 to 24 years; rate will increase to 7.05 per hour.
18 to 20 years; rate will increase to 5.60 per hour
Under 18; rate will increase to 4.05 per hour
Apprentices will be entitled to 3.50 per hour.
Please note Apprentices aged 19 or over who have completed at least one year of their apprenticeship are entitled to receive the full national minimum wage rate applicable to their age.
Please contact us if you need any help with your payroll.