National Minimum Wage Rates to Increase From 1 October 2015
Reminder for employers that national minimum wage rates will increase from 1 October 2015
From Thursday 1 October 2015, the annual national minimum wage (NMW) rates increase will take effect.
The new NMW rates will be:
- a 20 pence (3 per cent) increase in the adult rate (from £6.50 to £6.70 per hour)
- a 17 pence (3.3 per cent) increase in the youth development rate that covers workers aged 18 to 20 years old (from £5.13 to £5.30 per hour)
- an 8 pence (2.2 per cent) increase in the rate for 16 to 17 year olds (from £3.79 to £3.87per hour)
- a 57 pence (21 per cent) increase in the rate for apprentices (from £2.73 to £3.30 per hour)
In addition, the accommodation offset increases from £5.08 to £5.35.
Source: nibusinessinfo.co.uk
