NATIONAL MINIMUM WAGE ADVICE

CHANGES TO NATIONAL MINIMUM WAGE FROM 1ST OCTOBER 2015

The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice – you must be at least school leaving age to get it.

The New Rate From 1st October 2015 are as follows:

Age 21 & over Age 18-20 Under 18 Apprentice Age 16-18 Apprentice Age 19 & over.
£6.70 £5.30 £3.87 £3.30 £3.30

 

These replace the current minimum rates of :

Age 21 & Over Age 18-20 Under 18 Apprentice Age 16-18 Apprentice Age 19 & over. 1st Year Only
£6.50 £5.13 £3.79 £2.73 £2.73

 

The rate 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.

APRIL 2016 sees the introduction of the National Living Age for workers aged 25 and over.

The hourly rate will be £7.20

Please contact Clayton’s Accountancy Services for further National Minimum Wage Advice or any other business accounting matter.