The National Minimum Wage (NMW) and National Living Wage (NLW) will increase for all age groups, on 1 April 2018.
The following rates will apply from this date:
| Year | 25 and over | 21 to 24 | 18 to 20 | Under 18 | Apprentice |
| April 2017 (current) | £7.50 | £7.05 | £5.60 | £4.05 | £3.50 |
| April 2018 | £7.83 | £7.38 | £5.90 | £4.20 | £3.70 |
Failing to pay the correct statutory wage could result in severe penalties, including the possibility of a business being publicly named and shamed.
If you are concerned about rising employment costs or you would like assistance with managing your payroll, please speak to our team today.