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DHB ACCOUNTANTS LIMITED NOW ACCEPT ALL MAJOR CREDIT AND DEBIT CARDS.
From the 1st April 2022 the new minimum wage rates will be introduced, they are as follows:
Workers Aged Rates from April 2022 New rates from April 2023 Increase
National Living Wage (23+) £9.50 £10.42 9.7%
21 - 22 £9.18 £10.18 10.9%
18 - 20 £6.83 £7.49 9.7%
16 - 17 £4.81 £5.28 9.7%
Apprentice £4.81 £5.28 9.7%
Accommodation Offset £8.70 £9.10 4.6%
*The National Living Wage now applies to aged 23 years and over*
Pension: Minimum contributions increase on 6th April 2019
By law, the total minimum contributions your organisation must pay into its staff workplace pension schemes increase on 6 April 2019. You need to be ready for this increase, and make sure you’re set up to pay the correct amounts into staff pension schemes - so you comply with the law, and your staff receive the pension payments they’re entitled to.
From 6 April, the total minimum contribution including employer and employee payments must be no less than 8% of qualifying earnings. Your organisation must pay a minimum of 3%, with staff making up the rest of the 8%.
Your organisation can choose to pay more than its 3% minimum contribution if it wishes. If so, staff won’t need to pay in as much to meet the total minimum contribution of 8% of qualifying earnings.
Date effective Total minimum contribution Employer minimum contribution Staff contribute the remainder
Current rates 5 % 2 % Up to 3 %
6th April 2019 8 % 3 % Up to 5 %
You should be ready to calculate contributions using the new rates the first time you run payroll from 6 April 2019.