Increase in the National Minimum Wage - Are you ready?
The new National Minimum Wage rates apply from 1 October 2016:
- Employees aged between 21 and 24 – the rate increases to £6.95 per hour;
- Employees aged between 18 and 20 – the rate increases to £5.55 per hour;
- Employees aged between 16 and 17 – the rate increases to £4.00 per hour.
For employees completing a nationally recognised apprenticeship qualification the rate increases to £3.40 per hour and will apply as follows:
- For all aged under 19;
- Those aged 19 or over and in the first year of their apprenticeship, once the first year of the apprenticeship is complete a minimum of the appropriate age related rate should be paid.
The National Living Wage rate remains the same for employees aged 25 or over who are not in their first year of an apprenticeship at £7.20 per hour.
The rates for both the National Minimum Wage and the National Living Wage will increase every April commencing April 2017.
If you would like any additional information regarding the increase in the National Minimum Wage please don't hesitate to contact our Payroll Partner, Graeme Sheridan on the details below:
direct dial: 01942 292506
mobile: 07712 679064