On 06/03/24 Chancellor Jeremy Hunt presented his Spring Budget to… Read More
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
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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