Driving Hastings forward 01424 205481

The minimum wage is set to increase in October by 20p  bringing it up to £6.70. It’s the largest real-terms increase to the rate since 2008 and is set to benefit 1.4 million workers.

Younger workers aged 18-20 will see a 17p rise, from £5.13 to £5.30 an hour, while those aged 16 to 17 will get an 8p boost, from £3.79 to £3.87 an hour.

money-up

The Low pay commission has recommended that the rate for apprentices should also increase in 2.6 per cent to £2.80 an hour. however the government has suggested that this should be increased by 20 per cent to £3.30.  The rate applies to apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.

The government is also launching a consultation with businesses on the future minimum wage for apprentices.

The increase, yet to be accepted by the government, would apply from October.

The National Minimum Wage will be going up in October 2014 after the Low Pay Commission main recommendations on national minimum wage rates were taken up by the government in full. Here’s what you need to know:

coin-graph

The National Minimum Wage is going up in October 2014 for everyone.

For 16-17 year old workers its going up from £3.72 to £3.79 per hour

For 18 – 20 year old workers its going up from £5.03 to £5.13 per hour

For Adults over 21 its going up from £6.31 to £6.50 per hour.

And finally for any0ne who has an apprentice (or apprentices) it will go up from £2.68 to £2.73 per hour.

You can read more about the recommendations here.

Posted by: In: Living, News 18 Sep 2013 Comments: 0 Tags: ,

On 1st October this year, the national minimum wage is due to rise to £6.31 per hour for employees who are 21 and over. See the bullet points below  which shows the current and increased rate so that you can calculate what effect it will have on staffing costs for your business.

  • 21 and over. Currently £6.19 per hour and from 1st October it will be £6.31 per hour
  • 18-20 year olds. Currenly £4.98 per hour and rising to £5.03 per hour from 1st October
  • Under 18. Currently £3.68 per hour and will rise to £3.72 per hour from 1st October
  • Apprentice. Currently £2.65 per hour and from 1st October will be £2.68 per hour