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Mar 2016

17

Increase in National Minimum Wage from 1st October 2016

The Low Pay Commission's (LPC) recommendations for the rates of the minimum wage for employees under 25 and apprentices has been accepted by the Government and this take effects from 1st October 2016.

These include:

21-24 year olds £6.95 per hour an increase of 3.7%

Youth Development Rate - 18-20 year olds £5.55 per hour an increase of 4.7%

16-17 Year Old Rate £4.00 per hour

Apprentice Rate £3.40 per hour an increase of 3%

The Government has introduced the National Living Wage of £7.20 per hour for employees over 25 which takes effect on 1st April 2016.

Posted byDebbie ClarkeinPay/WagePayrollPayroll Software