From 1 October 2016, the Government is increasing the Minimum Wage rate. The NMW rates will rise between 3% and 4.7% for workers under the age of 25 and apprentices.
The hourly rate for the minimum wage depends on the age of the employee and whether they are an apprentice, so take a look at the new rates coming into effect 1st October 2016.
Minimum wage rates from 1st Oct 2016
|Aged 21 – 24||£6.95 per hour (3.70% increase)|
|Aged 18 – 20||£5.55 per hour (4.70% increase)|
|Under 18 years||£4.00 per hour (3.40% increase)|
|Apprentice||£3.40 per hour (3.00% increase)|
When the new legislation takes effect on 1st October 2016, all those aged 18 to 24, and in receipt of minimum wage, will see an increase of 25 pence per hour. Those under the age of 18 will see a 13 pence increase and apprentices will benefit from an extra 10 pence per hour.