Guide to New National Minimum Wage Rates
The National minimum wage (NMW) rates will increase on 1 October by between 3% and 4.7% for workers under the age of 25 and apprentices. Employers need to make sure the new rates are implemented for all hours worked from that date.
Guide to NMW rates:
NMW: age/status | Current rate | New rate from October 2016 | Increase |
| 21 to 24 | £6.70 | £6.95 | 3.70% |
| 18 to 20 | £5.30 | £5.55 | 4.70% |
| 16 to 17 | £3.87 | £4.00 | 3.40% |
| Apprentices | £3.30 | £3.40 | 3.00% |
Tags: accountants, NMW, Payroll