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From 1st October 2013 there will be an increase in the National Minimum Wage (NMW) rate for workers aged 21 and over from £6.19 to £6.31. Below Miles Grady, Director of PayMatters Limited, explains what this could mean if you are a contractor working through an Umbrella Company:
From today (1st October 2010) the National Minimum Wage has increased from £5.80 to £5.93 per hour.
If you are working through an umbrella company this can affect you if you receive a very low or zero commission element in your normal wages.
