Woodwards Accountancy & Taxation Services

National Minimum Wage increases

From 1 April, National Minimum Wage and National Living Wage rates will increase. This is the second increase in 6 months for the National Minimum Wage, and brings the increase dates in line with the National Living Wage.

The increases are as follows:

Year                                       25 and Over        21 to 24                18 to 20                    Under 18                 Apprentice

October 2016 (Current)                £7.20               £6.95                     £5.55                        £4.00                        £3.40

From April 2017                           £7.50               £7.05                     £5.60                        £4.05                        £3.50

The Apprentice rate applies to those aged under 19, or those aged 19 or over and in the first year of their apprenticeship. After that, they become entitled to the minimum wage for thier age group.

Apart from staff on hourly pay rates, you will also need to consider whether pay for salaried staff complies with the above rates.

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