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[18.04.2016]

National Minimum Wage Increases Announced

The current rate for anyone aged 25+ is £7.20 per hour from 1st April 2016 which is now known as the national living wage.

Following recommendations made by the Low Pay Commission, the Government has announced increases in the national minimum wage (NMW), which will take effect from October 2016.

The new rates will be as follows:

the rate for 21 to 24 year olds will rise by 3.7% to £6.95 an hour;
the rate for 18 to 20 year olds will rise by 4.7% to £5.55 an hour;
the rate for 16-17 year olds will rise by 3.4% to £4.00 an hour;
the apprentice rate will rise by 3% to £3.40 an hour.
(Source CCH Online https://www.gov.uk/national-minimum-wage/what-is-the-minimum-wage)

Addison & Co

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