Chartered Tax Advisers & Accountants

Attention all employers!

Published On: 30 September 2016
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If you are not already aware, increases in minimum wage rates are coming into effect tomorrow (1 October 2016).  The Government’s newest rate, the National Living Wage (NLW), which was introduced back in April this year, is the only rate not to increase in this October review.

The Government has confirmed the following increases, which are effective from 1 October 2016:

 

 

From April 2016

From October 2016 – April 2017

Increase

Age 25+

£7.20

£7.20

0.0%

Age between 21-24

£6.70

£6.95

3.7%

Age between 18-20

£5.30

£5.55

4.7%

Age between 16-17

£3.87

£4.00

3.4%

Apprentice Rate

£3.30

£3.40

3.0%

 

Have a look at this link to see what is included in minimum wage calculations, https://www.gov.uk/national-minimum-wage/employers-and-the-minimum-wage