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Reminder: National minimum wage rises in October

  25th August 2015      
 Accounting & Finance, Company News, Human Resources

Just a reminder so that you can start making arrangements: George Osborne announced the introduction of the National Living Wage for the over 25s, starting at £7.20 next year and rising to £9 an hour by 2020. In the mean time, the government has fully accepted the recommendations of the Low Pay Commission (LPC) for the Minimum Wage in their 2015 report.

National Minimum Wage rises in October will therefore be as follows:
– from £6.50 to £6.70 for adult workers aged 21 and over
– from £5.13 to £5.30 for the development rate that covers workers aged 18 to 20 years old
– from £3.79 to £3.87 for 16 to 17 year olds

Government has concluded that the apprentice rate should be £3.30. This is an increase of 57p an hour (21%) from £2.73 to £3.30 for the apprentice rate.

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