The Low Pay Commission has advised that from the 1st of October 2015 the National Minimum Wage is set to increase. The rate per hour depends on your age and whether you’re an apprentice, you must be at least school leaving age to receive national minimum wage.
| The current rates | From The 1st October 2015 | |
| Apprentice | £2.73 | £3.30 |
| Under 18 | £3.79 | £3.87 |
| 18 to 20 | £5.13 | £5.30 |
| 21 and Over | £6.50 | £6.70 |
Please note that the rate for apprentices applies to those aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum wage for their age.
From April 2016 the national living wage will be in place for £7.20 per hour. This will apply to those aged 25 and over. The minimum wage will still apply for workers aged 24 and under.
It is illegal to pay any less than minimum wage. Those who employers who fail to pay this rate will face tough action from the government including steep financial penalties and publicly naming flouters. If you are concerned that minimum wages are not being met you can call the free and confidential pay and work rights helpline on 0800 9172368.
Our Services
-
Cloud Accounting
If your business is growing, then you may need to access some sort of finance product to facilitate your growth. With so many products available, it can be bewildering. How do you work out how much you need, for how long and which product/or products are right for you?
-
Business Growth
If you are looking for your business to grow, and it has the potential to do so, there is every chance you will accelerate that growth by working with a growth coach. Growing can be painful, there will be hurdles to overcome and changes to be made.
Pop in or give us a call
We'd love to hear from you
When it comes to supporting small enterprises, helping them grow whilst avoiding regulatory and commercial pitfalls, we have a weath of experience, expertise and a kettle - a very good kettle. If you think we could be a good fit, get in touch to see how we can add value to your business.
Contact
About us