New Minimum Wage Rates
270,000 workers aged 21 – 24 earning the NMW have seen their hourly wage rise by 25p an hour to £6.95.
Those working 35 hours a week will see their annual income rise by £450 a year.
Workers aged under 21 and apprentices will also see their minimum rate of pay raised.
The following rates now apply as of 1 October 2016:
|Age||From October 2016||Until October 2016|
|25 and over||£7.20||£7.20|
*Apprentices aged 16-18 and those aged 19 or over who are in their first year.
The wage rise follows the introduction of the national living wage (NLW) of £7.20 an hour for workers aged 25 and over from April 2016.
All workers are entitled to the NMW and NLW respectively. Employers who fail to pay the correct wage will be subjected to a penalty fine and may be named by the government.