The Government has confirmed that the National Minimum Wage (NMW) will rise by 3% with effect from 1 October 2014, in line with the recommendations of the Low Pay Commission (LPC).
The rise in the main adult rate from £6.31 to £6.50 an hour represents the first above inflation increase of the NMW in six years.
Chancellor George Osborne has delivered his Budget Statement to Parliament, setting out how the government will take further action to secure the recovery and build a resilient economy.
Some employer schemes have special rules.
Are you a director, a care and support employer, or do you run an annual scheme?
Find out more and get help that applies to you:
£10,000 income tax allowance
As widely predicted, the government chose to increase personal allowance to £10,000 from next year, fulfilling the Coalition's election promise a year early.
It’s increasing by £560 to £10,000 in 2014-15 and will take 2.7m low income individuals under 65 out of income tax altogether.
From the 6 April 2014 you can get the Employment Allowance which could reduce your employer’s Class 1 National Insurance Contributions (NICs) by up to £2,000 every year.