Oct 2014


UK Minimum Wage changes from 1st October 2014

The minimum wage is rising today in the biggest increase since the 2008. The new national minimum wage rates from 1 October for England, Scotland, Wales and Northern Ireland are as follows:

• £6.50 per hour for the adult rate - a 19p (3 per cent) increase

• £5.13 per hour for 18 to 20-year-olds - a 10p (2 per cent) increase

• £3.79 per hour for 16 to 17-year-olds - a 7p (2 per cent) increase

• £2.73 per hour for apprentices - a 5p (2 per cent) increase

Vince Cable, the Business Secretary, said the minimum wage was a “vital safety net” for low-paid workers. “As signs of a stronger economy start to emerge, we need to do more to make sure that the benefits of growth are shared fairly across the board,” he added.

Posted byVictoria ClarkeinPayroll