Wednesday, 12 October 2016

Two National Minimum Wage increases in 6 months

Businesses look set to be hit with a minimum wage increase in both October 2016 and April 2017, as the National Minimum Wage is aligned with the National Living Wage next spring.

Failing to comply with the correct minimum wage can result in fines of up to £20,000 per employee, so it’s crucial to get it right. As of the 1st of October the following rates apply:

Workers aged 21 - 24 years old: £6.95 p/h
Workers aged 18 - 20: £5.55 p/h
Workers over compulsory school age, but not yet 18: £4.00 p/h
Apprentices under the age of 19, or over 19 and in the first year of apprenticeship: £3.40 p/h

Money