National Minimum Wage Increase Set for TomorrowBack
The Government announced it will increase the 'adult' National Minimum Wage (NMW) this coming Thursday 1st October by 20p. This means you must pay eligible employees at least £6.70 per hour. The rise follows a recommendation from the Low Pay Commission (LPC) back in March 2015.
Apprentices' wage will increase by 57p to £3.30 per hour. This is above the LPC's recommended increase. The Government aims to make apprenticeships more enticing to young people who traditionally received higher wages by 'just getting a job.'
The rate for 18-20 year olds is set to increase by 17p to £5.30 per hour.
The rate for 16-17 year olds is set to increase by 8p to £3.87 per hour.
These increases represent the greatest real-terms NMW increases since 2007. It is believed more than 1.4 million low paid workers will benefit from these NMW increases.