The National Minimum Wage is increasing on 1st October 2016.
The changes are as follows:
- Between 21 and 24, increase from £6.70 to £6.95 per hour
- Between 18 and 20, increase from £5.30 to £5.55 per hour
- 16 and 17 years olds, increase from £3.87 to £4.00 per hour
- Apprentices, increase from £3.30 to £3.40 per hour.
These new rates will be set for six months, until the end of March 2017.
There are no changes to the National Living Wage (currently at £7.20ph for workers aged over 25) as this will be reviewed in April 2017, along with the rates for all other workers.
You must ensure that all eligible workers are paid at least the minimum, as failure to comply with the new rates can result in harsh penalties. These penalties include fines and public naming and shaming.
For more information on how we can help with your employment law issues call us on 03456 122144 or see our employment law services here.