9th November 2016
New National Minimum Wage Rates Now In Force
The National Living Wage came into force on 1 April 2016 at an hourly rate of £7.20. This applies to employees who are aged 25 and over.
Separately, to these rates, with effect from 1 October 2016, there has been an increase in the standard National Minimum Wage Rates as follows:-
- Standard adult rate (for employees aged 21 and over who are not entitled to the National Living Wage) – an increase from £6.70 per hour to £6.95 per hour
- Development rates (for employees aged between 18 and 20) – an increase from £5.30 per hour to £5.55 per hour
- Young worker’s rate (for employees aged between 16 and 17) – an increase from £3.87 per hour to £4.00 per hour
- Apprentice rate – an increase from £3.30 per hour to £3.40 per hour
The rates are likely to be reviewed again in advance of 1 April 2017, although no further announcement has been made in this respect.
Source: http://www.chadwicklawrence.co.uk/legal-news/new-national-minimum-wage-rates-now-in-force/
