National Minimum Wage
The National Minimum Wage (NMW) is the minimum pay per hour most workers are entitled to by law. The rate will depend on a worker’s age and if they are an apprentice. From October 1st 2016 this increased by 25p per hour to £6.95 per hour for workers aged 21-24.
It’s said to be the largest increase since 2008, outstripping average wage growth and inflation.
The National Living Wage
The Government’s National Living Wage was introduced on 1 April 2016 for all working people aged 25 and over, and is set at £7.20 per hour. The current National Minimum Wage rate remains the same but could increase on April 1st 2017.
The new rates from 1 October 2016 are:
£7.20 per hour – 25 yrs old and over
£6.95 per hour – 21-24 yrs old
£5.55 per hour 18-20 yrs old
£4 per hour – 16-17 yrs old
£3.40 for apprentices under 19 or 19 or over who are in the first year of apprenticeship.
If you have any queries regarding employee policies, or any aspect of employment law then please contact Julie Sullivan in our employment team on 01383 721 621.
Julie Sullivan on firstname.lastname@example.org