National Living Wage (NLW) Rate from April 2023
The rates announced in the Autumn Statement include the largest increase to the NLW since its introduction in 2016. The new rates will apply to the first pay reference period which falls on or after 1 April 2023.
There are many factors which should be considered with regards to the calculation of minimum wages, what may be included or excluded and what records need to be kept. Please contact our payroll deportments who will be able to help and offer advice.