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New Minimum Wage Rates from October 2014

The Government has accepted the Low Pay Commission (LPC) recommendations to increase the National Minimum Wage (NMW).

From the 1st October 2014 the new rates will be:-

Adult Rate - £6.50 per hour.

18-20 year olds - £5.13 per hour.

16-17 year olds - £3.79 per hour.

Apprentices - £2.73 per hour.

This is a bigger increase than in recent years and the LPC has indicated that providing the economy continues to improve it intends to recommend progressive real increases in the value of the NMW which too has been accepted by the Government.

If you require any information regarding the new minimium rates, please contact:


Richard Green

01905 721630

rgg@parkinsonwright.co.uk

 

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