National Minimum Wage Update – October 2016

Every October, the National Minimum Wage rates change. The recently added National Living Wage rates change every April.

 

This update gives you the rates to use from October 2016 so that you do not fall foul of the current legislation.

 

The following table shows the current and the new rates which apply:

Age 25+ 21 – 24 18 – 20 Under 18 Apprentice*
From 1/10/16 £7.20 £6.95 £5.55 £4.00 £3.40
To 30/9/16 £7.20 £6.70 £5.30 £3.87 £3.30

 

The Low Pay Commission will soon make recommendations on the National Living Wage rates which will apply from April 2017. We shall update you about these once we know more.

*Apprentice

Note that apprentices are entitled to the minimum wage for their age, unless they are

  • aged under 19
  • aged 19 or over and in the first year of their apprenticeship

 

If you have any general payroll queries then please get in touch with us at Moore Accountancy via email (info@mooreaccountancy.co.uk) or phone (07542 299 247) to see if we can help.

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