Getting ready for the National Minimum Wage increase
HM Revenue and Customs would like employers to be aware that National Living and Minimum Wage rates are increasing on 1 April 2024. Also, the National Living Wage will be extended to workers aged 21 and over (previously only for age 23 and over).
All employers should ensure that their workers are paid correctly, according to the new rates. Businesses can take these simple actions to meet their legal responsibilities and avoid falling foul of the law:
check the new rates on GOV.UK
identify which staff are due the new rate
update payroll and communicate the changes to staff as soon as possible
call the Acas helpline to get advice and support on paying workers correctly
visit the calculating the minimum wage guidance page to view practical advice.
You can find out more by joining one of HMRC’s live webinars that are taking place throughout March, where a panel of experts will be on hand to answer questions:
Getting ready for the National Minimum Wage increase