National minimum wage (NMW) rises
Perhaps not surprisingly in an election year, the government has announced some of the biggest real-term rises to NMW rates in recent years. From 1 October 2015, the hourly rates for workers aged 18 or over will go up by 3%, with a 2% increase for 16 and 17 year olds. The biggest winners are apprentices, who will benefit by an uplift of 57p – an increase of more than 20%. Current and future rates are:
Age |
Current |
Future |
21 and over |
£6.50 |
£6.70 |
18 to 20 |
£5.13 |
£5.30 |
16 or 17 |
£3.79 |
£3.87 |
Apprentices under 19 or in first year |
£2.73 |
£3.30 |
Contact us today to discuss this further:
T: 020 7376 9333
E: info@figurit.com