Showing posts with label minimum wage. Show all posts
Showing posts with label minimum wage. Show all posts

Monday, September 9, 2013

Minimum wage increase

It's this time of the year where the minimum wage usually increases. This year is no exception.

The National Minimum Wages (NMW) rates are due to increase on 1st October 2013 to the following:

  • £6.31 – the main rate for workers aged 21 and over
  • £5.03 – 18-20 year old rate
  • £3.72 – the 16-17 year old rate for workers above school leaving age but under 18
  • £2.68 – the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship

Last year, only the over 21s and Apprentices saw an increase in the NMW. But this year, all of the rates have increased.

Wednesday, September 14, 2011

Minimum Wage to Increase in October

National Minimum Wage (NMW) is increasing effective from 1st October 2011. The age at which you become entitled to the main rate was reduced from 22 to 21 on 1st October 2010. The apprentice rate was introduced on the same date. From 1st Ocotober 2011 the minimum hourly rates are being raised as follows:
  • £5.93 to £6.08 an hour for workers aged 21 and over 
  • £4.92 to £4.98 an hour for workers aged 18 to 20 
  • £3.64 to £3.68 an hour for workers aged 16 to 17 
  • £2.50 to £2.60 an hour for apprentices