New Forest

16/11/2017

Under-25s push for national living wage equality

Workers under the age of 25 are missing out on more than £6,000 a year because they are not entitled to the national living wage (NLW).

Charity group Young Women’s Trust polled 4,010 people aged between 18 and 30, finding the average young worker is paid £3.45 an hour less for doing the same work as older people.

Over the course of the year, younger workers are receiving £6,279 less than their older colleagues.

Apprentices under the age of 25 fall short of the current NLW rate of £7.50 an hour, leaving them £7,280 a year worse off than workers over 25.

83% currently support the idea of raising the minimum wage for apprentices and 79% suggest equal pay by extending the NLW to under-25s.

Checks and compliance

It is a legal requirement for all employers to pay their staff the NLW or national minimum wage (NMW).

Failure to do so will result in a fine from HMRC and the employer being named by the government.

NMW and NLW Rates

AgeFrom 1 April 2017
Over 25£7.50
21 to 24£7.05
18 to 20£5.60
16 to 17£4.05
Apprentices*£3.50

*Rate applies for under-19s or first-year apprentices.

For further information on the National Living Wage (NLW), please contact James Alesbury on 023 8046 1222.

Latest Tweets

The 130% super-deduction for equipment runs for one more year for companies that invest in new plant and machinery when the expenditure is incurred between 1 April 2021 and 31 March 2023.

Click the link to read more 👉 https://bit.ly/3lnq7B8

If you need help with submitting forms P11D and P11D(b) online, HMRC have a free webinar about how to send the forms using HMRC's PAYE online service.

Click the link to register and watch the recorded webinar 👉 https://bit.ly/3yH1fw4

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.