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National Minimum Wage Increase

September 30, 2016 By Jet Accountancy

minimum wage

National minimum wage (NMW) rates will increase on 1 October by between 3% and 4.7% for workers under the age of 25 and apprentices, and employers need to make sure the new rates are implemented for all hours worked from that date.

 

NMW: age/status Current rate New rate from October 2016             
21 to 24    £6.70 £6.95                
18 to 20    £5.30 £5.55  
16 to 17    £3.87 £4.00  
Apprentices    £3.30 £3.40       

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