As a business owner or manager, you need to be ready for the increase in minimum wage rates from Thursday, 1 April 2021.
If you have not yet talked to your accountant, payroll provider or your finance/HR teams now is the time. It is also an opportunity to check and ensure your employment records, processes and systems are current.
The details of the increase are:
- Adult minimum wage will go up, from $18.90 to $20.00 per hour.
- Starting-out and training minimum wage will go up from $15.12 to $16.00 per hour.
- All rates are before tax and any lawful deductions for example PAYE tax, student loan repayment, child support.
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