National Living Wage (for over 25s) will rise to £7.50 per hour from April 2017.
No great surprise to see an increase in this in the Autumn Statement if the Government intend to fulfill their promise of reaching £9 an hour by 2020.
Other employment matters coming into effect in April 2017 include:
- NI contribution requirements for both employers & employees will start at weekly earnings of £157
- Personal tax allowance increases to £11,500
Expert opinions, as always, seem divided as to whether these changes makes the “ordinary working class family” better or worse off in real terms.