Annual National Minimum Wage Rates

Annual National Minimum Wage Rates The Government has published the draft National Minimum Wage (Amendment) Regulations 2017, which are due to come into force on 1 April 2017. The revised rates are as follows: The National Living Wage for those aged 25 and over will increase from £7.20 per hour to £7.50 per hour; The National Minimum Wage (NMW) for 21- to 24-year-olds will increase from £6.95 per hour to £7.05; The NMW for 18- to 20-year-olds will increase from £5.55 per hour to £5.60; The NMW for 16- and 17-year-olds will increase from £4.00 per hour to £4.05; and The apprentice rate of the NMW, which applies to apprentices…

Don’t Even Think of Signing Up to a Pre-Nup Without Legal Advice!

Don’t Even Think of Signing Up to a Pre-Nup Without Legal Advice! Pre-nuptial agreements may not always lead to fair outcomes but they are generally valid if entered into freely. In one ‘big money’ divorce case exactly on point, the High Court had no power to award a wife half of a marital fortune approaching £11 million even though she had made an equal contribution to its accumulation. The Scandinavian couple had been married for six years and had two children. He had earned very substantial sums as a professional sportsman and, despite having retired, still enjoyed an income of about £350,000 a year. The marital assets were valued at…