National Minimum Wage Changes ahead

ID-10029711The National Minimum Wage is the minimum hourly rate most workers are entitled to, and is reviewed annually with changes usually occurring from October.

From 1st October this year the rates for National Minimum Wage are:

  • £6.70 per hour for workers aged 21 years and over
  • £5.30 per hour for workers aged 18 to 20 inclusive
  • £3.87 per hour for workers aged 16-17 above compulsory school leaving age
  • £3.30 per hour The apprentice rate, for apprentices under 19, or 19 or over and in the first year of their apprenticeship

HMRC can take employers to court for not paying their employees the National Minimum Wage.

Announced in the chancellor’s budget and set for introduction in April 2016, is a new Living Wage, due for over 25’s and currently set at £7.20, but set to rise to up to £9 by 2020.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Image courtesy of dan at FreeDigitalPhotos.net

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