HMRC warning as millions of Brits must check payslips now or risk losing money

Brits are being urged to check their payslips now after a warning from HMRC.

The National Living Wage increased by nearly 10% from £9.50 to £10.42 an hour from April 1.

It meant a payday rise for employees aged 23 or over with 2.5million workers seeing more money in their accounts.

READ MORE: Hacks to make money from your home that'll earn you thousands in tax-free cash

The National Minimum Wage, for workers aged under 23, also had an increase of around 10%.

Although the change came into effect from April 1, many Brits will only just be seeing the rise in their May payslips.

But some workers could well be in a position where their employer hasn't reflected the increase in their wages.

It is illegal for companies to pay their workers under the minimum wage.

HMRC is now urging people to check payslips to ensure they're getting the right hourly salary.

It recently wrote on Twitter: "Is your employer paying you the correct National Living or Minimum Wage rate?

"Make sure you get the wages you're entitled to. You've earned it, make sure you're getting it.

"Check that you've been paid the correct amount by your employer."

If you check your payslip and think you've been underpaid, you can contact your employer.

You'd have to take evidence to your bosses to prove you've not been paid correctly.

  • 'I'm a female electrician – men assume I have low standards when they find out'

It's always worth making a formal complaint about your company through the HR department.

Alternatively you can contact HMRC anonymously through the website or call Acas helpline on 0300 123 1100 for free.

If you go to HMRC for help, it will launch an investigation and take action if you haven't been paid the correct wage.

It can make your bosses repay you the amount missing, backdated by six years at the current minimum wage rate.

Want all the biggest Lifestyle news straight to your inbox? Sign up for our free Daily Star Hot Topics newsletter

READ NEXT:

  • Little-known water bill trick could cut costs by 90% to help Brits save money
  • Three in ten Brits worry daily about money – but spend £4,000 a year outsourcing services
  • Half of Brits say cost-of-living crisis has changed their attitudes towards saving money
  • Using discounts and cashback services are among top money-saving tips mums pass on to kids
  • Peace and quiet and earning extra money are top benefits to working night shifts

Source: Read Full Article

Previous post 22 Kids And Counting’s Sue Radford hits back over luxury trip criticism
Next post Russia ‘exhausted’ its offensive attacks as Putin ‘gives up’ on Belarus