From April 2022, the National Living Wage for workers aged 23+ will be rising by 6.6% to £9.50 – the Ministers have accepted the Low Pay Commission’s recommendation to increase the National Minimum Wage from £8.91. For workers aged 21-22, the National Minimum Wage will increase from £8.36 to £9.18.
The Government has said that the rise represents an increase of about £1,000 a year for a full-time worker.
Knowing how to take control of your business finances to maximise profits can be difficult, especially with the current climate. Knowing the common mistakes to avoid can be difficult and can leave you feeling unsure.
This article is copyright © 2022