- March 14, 2014
- Posted by: Josiah Hincks Solicitors
- Category: Business Law Updates
The Government has accepted the recommendations put forward in the Low Pay Commission’s annual report 2014 for the National Minimum Wage (NMW) rates for 2014/2015.
The following changes will come into effect on 1 October 2014:
- the adult NMW rate will increase from £6.31 to £6.50 per hour;
- the NMW rate for workers age 18 to 20 will increase from £5.03 to £5.13 per hour;
- the NMW rate for 16- and 17-year-olds will increase from £3.72 to £3.79 per hour; and
- the apprentice rate of the NMW, which applies to apprentices under 19 or over 19 and in the first year of their apprenticeship, will increase from £2.68 to £2.73 per hour.
The accommodation offset will increase from £4.91 to £5.08 per day.