From April 2021 the National Living Wage replaces the National Minimum Wage for employees aged 23 and over. This amount is £8.91 per hour. For employees ages 21-22 £8.36, 18-20 £6.56 and under 18’s £4.62.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 16th August 2024
There will be 4 types of National Insurance for 24/25. Remember that you should not be paying NI when you reach pensionable age, with class 4 stopping in the year you reach this age.