National Minimum Wage increased today:
Under 18s hourly rate has increased from £6.40 to £7.55 per hour (an 18% increase).
18-20 hourly rate has increased from £8.60 to £10.00 per hour (a 16.3% increase).
21+ hourly rate has increased from £11.44 to £12.21 per hour (a 6.7% increase).
These increases take effect from the start of the next payroll period (i.e. from the May payroll) but Teamworks has always applied these increases a month earlier than required by law, so these increases will be applied to the April payroll. This is not an April Fool's joke: it's a payrise of more than twice the rate of inflation, brought in a month early!
