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.

Kass Verjee
Kass Verjee

Kass is not only a qualified bookkeeper/accountant but he is also a Fellow of The Institute of Chartered Accountants in England and Wales and has a full practising certificate.