nmw Articles

National Minimum Wage 1st October 2015
marketing | 15 September 2015
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A new national minimum Wage (NMW) comes into force for employees from 1st October 2015.

The main adult rate (21 and over) will increase from £6.50 per hour to £6.70 per hour.

18-20 year olds will increase from £5.13 to £5.30/hr.

16-17 year olds will increase from £3.79 to £3.87/hr.

The apprentice rate has the biggest rise going from to £2.73 to £3.30/hr.

The new Living Wage doesn’t come into effect until April 2016 for workers aged over 25 and will see a rise to the minimum pay rate to £7.20 per hr.

editor | 27 September 2013
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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:

 

New National Minimum Wage from October 2015
marketing | 17 March 2015
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The Government have announced that the new national minimum wage (NMW) will be £6.70 from 1st October 2015 (an increase of 20 pence).

The increase of over 3% is aimed at protecting low paid workers from exploitation although critics of the NMW would argue that an increase can actually have adverse effects by putting some low paid jobs at risk. This is the biggest real term rise in the last 7 years.