Changes to National Minimum Wage (NMW) rates have been approved by the Prime Minister and Deputy Prime Minister, following recommendations made by the Low Pay Commission (LPC).
From 1st October 2015,
the NMW rate for workers aged 21 or over will increase from £6.50 to £6.70;
for 18 to 20-year-olds, it will increase from £5.13 to £5.30;
for those aged 16 and 17, it will increase from £3.79 to £3.87.
The NMW rate for apprentices will increase by 20%, from £2.73 to £3.30, and the distribution route for apprenticeship training funds will be changed by the introduction of ‘digital apprenticeship vouchers’ in 2017.
Make sure that your Hourly rates are changed from October 2015. If you find keeping up to date with legislation a headache then please contact me and I can provide you with a quote for outsourcing your Payroll for as little as £21.00 a month
Have a great weekend
Read more about the new NMW rates CLICK HERE
To find out more about the new vouchers CLICK HERE