Payroll

Is your business prepared for the minimum wage increase?

17 February, 2020

Whilst you are thinking about your expenditure for the coming year, don’t forget that the minimum wage rates will be increasing from April 2020. You’ll no doubt want to bear this in mind when working on your budgets.

It’s also a good time to remind you that AF offers a complete payroll service, aimed at removing the worry of processing your payroll. We can ensure that you remain up to date with legislative changes. This include amendments to the minimum wage rates and changes to legislation around auto-enrolment and payroll processing.

The AF Payroll Service is designed around your individual requirements, to ensure we meet your payroll needs. Our team is always here to run your payroll in a timely and efficient manner. This removes the fear of processing your payroll if your in-house payroll expert is off.

We work with you to manage your payroll requirements, allowing you to concentrate on the other demands of running your business.

Each time your payroll is due (whether it’s monthly, weekly or fortnightly), you provide us with details of any overtime, timesheet hours, new starters etc. From this information, we can process your payroll ensuring you remain compliant with legal requirements. Our service includes all assessments and submissions required for auto-enrolment and by HMRC.

We can provide you with a selection of reports ensuring you have the figures you need to pay your workforce. Alternatively, you can choose to include our Bacs payment service in your package. This way, we can also take care of the transfers into your employees’ bank accounts.

Along with this, we can supply a selection of reports that you’ll need for accounting purposes. We also offer a choice of different styles of payslips for you to issue to your employees.

We’ll ensure you remain compliant regarding any changes to the minimum wage rates and any amendments to the auto-enrollment pension regulations.

Age	2019-2020	2020-2021
25 and over	£8.21	£8.72
21 to 24	£7.70	£8.20
18 to 20	£6.15	£6.45
Under 18	£4.35	£4.55
Apprentice	£3.90	£4.15

Age
25 and over
21 to 24
18 to 20
Under 18
Apprentice

2019-2020
£8.21
£7.70
£6.15
£4.35
£3.90

2020-2021
£8.72
£8.20
£6.45
£4.55
£4.15

Minimum hourly rates

Our pricing is based on the number of employees on your payroll and on your specific requirements. AF are always happy to discuss your payroll requirements with you and provide a quote.

Contact us today on 01603 881 807 or email hr@theafgroup.co.uk to discuss.

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