National Minimum Wage rises

The National Minimum Wage (NMW) rates will increase from 1 October 2016 as follows:

 

Current rate

Rate from 1 October 2016

21-24 year olds

£6.70

£6.95

18-20 year olds

£5.30

£5.55

16-17 year olds

£3.87

£4.00

Apprentice rate*

£3.30

£3.40

From 1 April 2016 following the introduction of the National Living Wage all workers aged 25 and over are legally entitled to at least £7.20 per hour. Employers should ensure that all affected employees benefit from this new rate from 1 April 2016.

*This apprentice rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.

Internet links: Parliament Living Wage

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Higson & Co (Nottingham) Limited, White House, Wollaton Street, Nottingham, Nottinghamshire NG1 5GF
S C R Skill FCA, Mrs G J Strickland FCA, D R Wallwork BA FCA, Miss E C Davey FCCA Registered to carry out audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk under reference C011003720. A member of the ICAEW Practice Assurance Scheme

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