On 1st October 2016 the National Minimum Wage rates for the different age bands and for apprentices will increase. All employers need to make sure they are ready.
Structure, level and increases in the minimum wage
Current level | From April 2016 | From Oct 16
– Apr 17 |
Increase |
Adult rate (21+) | NLW (25+) £7.20 | £7.20 | n/a |
Adult Rate (21-24) £6.70 | £6.95 | 3.7% | |
YDR (18-20) | £5.30 | £5.55 | 4.7% |
16-17 Yr Old Rate | £3.87 | £4.00 | 3.4% |
Apprentice Rate | £3.30 | £3.40 | 3% |
If you have any questions or need any advice regarding your payroll, please get in touch.