National Minimum Wage increases

National Minimum Wage increases

 

The Government have announced the latest rates for the national minimum wage, which will come into effect from 1 October 2015.

The biggest rise is for apprentices. Despite the Low Pay Commission recommending a 7p rise (which would have been a 2.5% increase), the Government has said it will rise 57p from £2.73 to £3.30. This is a 20% increase.

The Government has accepted the Low Pay Commissions recommendation in respect of other rate rises, which is no surprise given the forthcoming election. There are:

 

  Current rate

 

Rate from 1st  October 2015
Age 21+  

£6.50

 

£6.70
Age 18-20  

£5.13

 

£5.30
 

Age 16-17

 

 

£3.79

 

 

£3.87

 

 

With the Government naming and shaming the worst offenders who do not pay with the national minimum wage, employers must make sure they comply with the changes.

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