Allianz Legal Protection is highlighting to brokers the recent changes to the National Minimum Wage system which affects the remuneration of employees.
Employers generally anticipate the annual financial changes to the minimum wage limits but this year the Government has also altered the age ranges within the system. The highest age band has been lowered from 22 to 21, meaning that anyone aged 21 and over will be entitled to a minimum wage of £5.93 per hour compared to the previous £5.80.
The rate for workers aged 18 to 20 also rises from £4.83 to £4.92 per hour, while the amount for workers under 18, and not of compulsory school age, rises from £3.57 to £3.64. A brand new rate of £2.50 per hour has been introduced for certain apprentices.
Employers failing to comply with the National Minimum Wage rules face enforcement action and a fine of up to £5,000.
Richard Simpkins, lawphone supervisor at Allianz Legal Protection, said: “We advise all employers to pay attention and act on the changes if necessary when it comes to processing salary payments. This is another example of the need for businesses to keep up-to-date with legislative changes to avoid potentially damaging fines and legal costs.”
Source : Allianz Press Release
