If you have employees you need to be aware of the increases across all ages of the minimum wage.
| Rate from April 2020 | Rate from April 2021 | Increase | |
|---|---|---|---|
| National Living Wage | £8.72 | £8.91 | 2.2% |
| 21-22 Year Old Rate | £8.20 | £8.36 | 2.0% |
| 18-20 Year Old Rate | £6.45 | £6.56 | 1.7% |
| 16-17 Year Old Rate | £4.55 | £4.62 | 1.5% |
| Apprentice Rate | £4.15 | £4.30 | 3.6% |
| Accommodation Offset | £8.20 | £8.36 | 2.0% |
The UK Government has today announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant.
The fourth and fifth grants will take into account 2019 to 2020 tax returns and will also be open to you if you became self-employed in the 2019 to 2020 tax year. This means that you may be able to claim, even if you were not eligible for previous grants.
To qualify, you must have filed your 2019-20 Self Assessment tax return by 2 March 2021, at the latest.
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