Insurances to consider – is my business compliant?
When you start or grow your business, you will need to consider the business insurances you need. Different insurances will ensure your business is compliant with the latest legislation. For
Statutory Rise on UK Wage Rates from 1st April 2019.
The rise in Minimum Wage Rates takes effect from 1st April 2019
From the 1st of April 2019, statutory pay rates within the UK are rising.
The National Living Wage is the statutory minimum wage for workers aged 25 and over.
There are different rates of pay for 16 – 17-year-olds, 18 – 20-year-olds, 21 – 24-year-olds, and apprentices.
There is an accommodation offset which is an allowable deduction from wages for accommodation, applicable for each day of the week.
The National Living Wage is different from the UK Living Wage and the London Living Wage. (Currently £9.00 hr and £10.55 hr). These are voluntary benchmarks that employers can sign up to and not legally binding. They apply to workers aged 18 and over. The Low Pay Commission (LPC) has no role in these levels.
| Current Rate | Future Rate (from 1st Apr 2019) | Increase | |
| NLW (25 yrs. Plus) | £7.83 | £8.21 | 4.9% |
| 21-24 yrs. | £7.38 | £7.70 | 4.3% |
| 18-20 yrs. | £5.90 | £6.15 | 4.2% |
| 16-17 yrs. | £4.20 | £4.35 | 3.6% |
| Apprentice | £3.70 | £3.90 | 5.4% |
| Accommodation offset | £7.00 | £7.55 | 7.9% |
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