Increases in NMW and Pension Contributions: How Do I Handle It?Posted in : How do I handle it NI on 16 April 2019 Issues covered:
This month’s problem concerns:
“I have responsibility for human resources/finance functions in a small business. I am aware of the increase in the minimum wage, and a rise in contributions under auto-enrolment arrangements. These additional amounts are causing extreme financial pressure on the organisation. Are there any exceptions which allow me to avoid these increased costs to the company?”
The obligation to pay the national minimum wage/national living wage applies to all employers and requires the company to pay its workers at least those hourly rates, according to the various age bands, increased annually. You will be aware employees’ and employers’ contributions
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