From Wednesday October 1 2014 the National Minimum Wage rates are to be increased. The new hourly rates will be as below:
- £6.50 for adults – a 19p (3%) increase from £6.31
- £5.13 for 18 – 20 year olds – a 10p (2%) increase from £5.03
- £3.79 for 16 – 17 year olds – a 7p (2%) increase from £3.72
- £2.73 for apprentices – a 5p (2%) increase from £2.68
The increase was proposed by the Low Pay Commission following the government questioning how it would be possible to increase the lowest wages without impacting upon employment.
All increases must be implemented for both existing staff as well as for new recruits.
For further information about these changes please visit the gov.uk website.