All employers should be aware that minimum wage rates increase on 1 April of each year. This includes all National Minimum Wage rates and the National Living Wage rate.
The table below that shows the current minimum wage rates and new rates from April 2023. All rates listed are hourly except for the Accommodation Offset which is a daily rate:
For further information, please see the gov.uk website here.
About the Author
Martin Johnson
Partner
With expertise in advising family-owned companies on a range of tax, accountancy and business issues, Martin also has an in-depth knowledge of the automotive and property sectors. In addition, he provides advice on inheritance tax planning and financial management to owner-managed businesses.
Martin leads the firm in developing its expertise in the buy-to-let sector, advising both residential and commercial property owners on relevant tax and legislation issues.
A further element to Martin’s role is to build Torgersens’ relationships with banks, financial advisors and specialists in commercial and employment law to ensure that the firm’s clients have access to market-leading guidance.
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