National Living Wage (NLW) rates (for those over 25 years old) and National Minimum Wage (NMW) rates (for those under 25 years old) are to rise starting 1 April 2017.
The eagle-eyed among you may notice that those on the National Minimum Wage (NMW) are enjoying their second increase in a year (the last being 1 October 2016).
In summary, and effective 1 April 2017 the follow minimum wage rates will apply
- Workers aged 25 and over – £7.50 per hour (up from £7.20 from 1 Apr 2016)
- Workers aged 21 – 24 years old £7.05 per hour (up from £6.95 from 1 Oct 2016)
- Workers aged 18 – 20 years old £5.60 per hour (up from £5.55 from 1 Oct 2016)
- Workers under 18 years old £4.05 per hour (up from £4.00 from 1 Oct 2016)
- Apprentice rate £3.50 per hour (up from £3.40 from 1 Oct 2016)*
* The apprentice rate is for 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.
Employers may be relieved to know that future rises are now planned for just once a year in April.
Ensure your payroll procedures are up to date. For further details and more rates visit gov.uk
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