The National Minimum Wage & National Living Wage Explained
The National Minimum Wage (NMW) was first introduced into the UK in April 1999. In April 2016, the government introduced a new mandatory National Living Wage (NLW), for workers over 25 years of age. In April 2018, the NLW increased with a prediction of this increasing again by 2020.
HMRC are responsible for ensuring employers are complying with the age related minimum rates, their approach is to name and shame businesses who, even though they are paying the national minimum, are still failing to comply with the regulations.
This webinar is designed for payroll and HR personnel to explain what counts towards the national minimum wage calculation and what deductions can also affect the calculation.
What You Will Learn
This webinar will cover the following:
- What counts as wages for National Minimum Wage
- What hours count towards the National Minimum Wage calculation
- What deductions can affect the calculation of the gross pay
- Salary Sacrifice and National Minimum Wage
- Avoiding the naming and shaming list
- Reports required to monitor National Minimum Wage
- Contractual deductions
This pre-recorded webinar will be streamed at 12:30pm on Wednesday 26th September 2018 and will remain available to view by delegates who have registered by then for 90 days.