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October Changes
There are a couple of important changes for employers to note that take effect from today (1st October 2012) with regards to minimum pay rates and pension enrolment.

The principal National Minimum Wage rate has increased from £6.08 to £6.19 per hour for employees aged 21 and over. The other rates have stayed the same (£3.68 for 16-17 year olds and £4.98 for 18-20 year olds) with the exception of the apprentice rate which has increased from £2.60 to £2.65.

The new pension auto-enrolment arrangements come into force today for very large employers. Smaller employers may feel that they have some time to comply, but the requirements are complex and employers should therefore start to discuss their current pension arrangements with their pension provider or an independent financial advisor to ensure that they are ready for their own staging date. See for more details.
Posted on 19 Nov 2016

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