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Thursday, 13 October 2016 11:31

New Minimum Wage Rates

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Workers earning the national minimum wage (NMW) have received a pay rise as of 1 October 2016.

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
21-24  £6.95 £6.70
18-20 £5.55 £5.30
16-17 £4.00 £3.87
Apprentices* £3.40  £3.30

*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.

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