People often ask whether an estate will ‘go to Probate’, although many are unclear exactly what this means. A Grant of Probate (or Letters of Administration if there is no Will) authorises the Executor to administer the estate by collecting in...
The National Minimum Wage (Amendment) Regulations 2023 came into force on 1 April and provided for the following changes to the National Living Wage (NLW) and the National Minimum Wage (NMW) rates:
- The NLW, which applies to those aged 23 and over, has increased from £9.50 to £10.42 per hour;
- The NMW for 21- and 22-year-olds has increased from £9.18 to £10.18 per hour;
- The NMW for 18- to 20-year-olds has increased from £6.83 to £7.49 per hour;
- The NMW for 16- and 17-year-olds has increased from £4.81 to £5.28 per hour; and
- The apprentice rate of the NMW, which applies to apprentices aged under 19 or those aged 19 or over and in the first year of their apprenticeship, has increased from £4.81 to £5.28 per hour.
The accommodation offset will increase from £8.70 to £9.10 per day for each day during the pay period that accommodation is provided.