National Minimum Wage for different age bands and apprentices is set to increase.
From the 1st October 2016 the Government has announced that the National Minimum Wage for different age bands and apprentices is set to increase.
The National Minimum Wage is the lowest hourly rate that employers must pay their employees, the latest increase will benefit up to 430,000 workers.
The Government has announced that the National Minimum Wage rates from 1stOctober 2016 are:
- The adult rate (21 – 24 year olds) will increase by 25 pence to £6.95 per hour
- The rate for 18 to 20 year olds will increase by 25 pence to £5.55 per hour
- The rate for 16 to 17 year olds will increase by 13 pence to £4.00 per hour
- The apprentice rate will increase by 10 pence to £3.40 per hour
For any worker aged 25 and over the Government introduced the National Living Wage of £7.20 per hour and this came into effect from 1st April 2016.
It does not make any difference if your employee works for you full time or part time or whether they are an agency worker, a temporary casual worker a piece worker, or a home worker, the National Minimum Wage applies.
If you would like to find out more information about paying the National Minimum Wage, please contact the Stafford & Co Payroll Team.