National Minimum Wage
The national minimum wage changes on the 1st October each year. Last week saw the rate increase to:
- £6.70 per hour for anyone aged 21 and over
- £5.30 per hour for people aged 18-20
- £3.87 per hour for those aged under 18
- £3.30 per hour for Apprentices £3.30 (see note below)
The government has also announced the introduction of the National Living Wage, which will be £7.20 an hour for workers aged 25 & over. This will be introduced from April 2016. The minimum wage will still apply for workers aged 24 and under.
The National Minimum wage was introduced in 2005. It started with rates for 22 and over at £5.05 an hour, 18 – 21s at £4.25 and hour and under 18s at £3.00 an hour. Apprentices were included in 2010, starting at £2.50 an hour.
Please remember the repercussions of not paying the minimum wage to your teams. This topic has been the subject of our blogs:
An article written by BBC Newsbeat gives a more detailed explanation into what it will mean for you. Access the article here.
For current, relevant HR information keep an eye on our ‘Key HR Information’ page. The details provided include updates on Redundancy Pay & Statutory Pay
Ensure that you are paying and adhering to statutory requirements. Contact Consensus HR for an informal, no obligation discussion or further information about how recent changes may affect your organisation.
Note: This rate is for Apprentices aged 16-18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their year.