Capital Gains Tax applies when you sell or dispose of certain assets and make a profit. Careful planning can significantly reduce the tax payable by using available reliefs and exemptions correctly.
At Applegrow, we help individuals and business owners understand capital gains tax rules and structure disposals in a tax-efficient way.
Failing to pay the correct rate can result in financial penalties, backdated payments, and reputational damage.
National Minimum Wage (NMW) applies to employees under the age of 21
National Living Wage (NLW) applies to employees aged 21 and over
Apprentice Rate applies to:
Apprentices aged under 19, or
Apprentices aged 19 or over who are in the first year of their apprenticeship
| Age | NLW | 18-20 | 16-17 | Apprentice |
|---|---|---|---|---|
| From 1 April 2025 | £12.21 | £10.00 | £7.55 | £7.55 |
| From 1 April 2024 | £11.44 | £8.60 | £6.40 | £6.40 |
Employers must ensure that:
Employees are paid the correct rate for their age and status
Wage increases are applied promptly from the correct date
Payroll systems are updated to reflect annual changes
Apprentices are paid correctly once they move beyond their first year
HMRC has the power to:
Issue fines of up to 200% of underpaid wages
Require employers to repay arrears to employees
Publicly name employers who breach minimum wage rules
Even unintentional errors can lead to enforcement action.
AppleGrow Financial Advisors assist businesses with:
Payroll setup and compliance
Minimum wage checks and audits
Apprenticeship payroll rules
Ongoing payroll management and HMRC reporting
If you want to ensure your payroll is fully compliant with current minimum wage legislation, speak to AppleGrow today
