How changes to the National Minimum Wage could affect your business from April 2019

by | Mar 18, 2019

The National Hairdressers’ Federation have highlighted how key changes to the NMW, tax, pensions, payslips, apprenticeship fees, mat/pat pay and sick pay will affect hair, beauty and barbering businesses from April.

As of next month, the NMW will look like this:

National Living Wage

(over 25’s): £8.21 PH?

Ages 21-24: £7.70 PH?

Ages 18-20: £6.15 PH ?

Ages 16-17: £4.35 PH ?

Apprentices: £3.90 PH ?

In addition salons and barbershops that are VAT registered will need to keep their business records digitally (it’s time to slay the Xero dragon folks!), total employer/employee pension contributions must come to 8%, employers will need to itemise payslips and leave time pay for mat/pat, sickness etc will all rise.

You can find out more about how your business could be affected on the NHF/NBF’s site.

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