National Minimum Wage increases October 2016
Each year, the National Minimum Wage rates are revised. Employers need to be aware of the new rates so that they can be sure that they are paying their staff in accordance with the law. Our article gives you the latest rates.
This year is the last time that rates will increase in October. As of 2017, all rates will increase in April to synchronise them with the National Living Wage. October 2016’s rate increases are as follows:
£6.95 for workers aged 21 and over
£5.55 for workers aged between 18-20 years.
£4.00 for workers aged between 16-17 years who are not apprentices.
£3.40 for apprentices under 19 (or 19 and over who are in the first year of their apprenticeship).
The national living wage (workers aged 25 and above) will remain at £7.20 per hour.
How rradar can help:
For more information about our rradar station and how they can help your business, please visit our website and speak to our professionals today for free.