In case you hadn’t heard, some of the national minimum wage rates changed on the 1st October 2016.
The current rates are now:
- The rate for workers aged 21 to 24: up 3.7% to £6.95.
- The development rate (workers aged 18 to 20): up 4.7% to £5.55.
- The young workers rate (non-apprentices aged under 18 but above compulsory school age): up 3.4% to £4.00.
- The apprenticeship rate: up 3% to £3.40.
- The accommodation offset limit: up to £6.00.
The National Living Wage applies to workers aged 25 and over is unchanged at £7.20 an hour.
A quick way to calculate whether you’re paying the national minimum (or living) wage is by using the ACAS calculator. Although it’s designed to help employees rather than employers, it’s still a useful tool.
If you do have any questions about the national living wage, feel free to get in touch.