New rates for the National Minimum Wage and the National Living Wage were introduced with effect from 1 October 2016
Full details can be found on the HMRC website [gdlr_button href=”https://www.gov.uk/national-minimum-wage-rates” target=”_self” size=”medium” background=”#000000″ color=”#ffffff”]National Minimum Wage[/gdlr_button]
| Year | 25 and over | 21 to 24 | 18 to 20 | Under 18 | Apprentice |
|---|---|---|---|---|---|
| October 2016 (current rate) | £7.20 | £6.95 | £5.55 | £4.00 | £3.40 |
For a full time employee aged 25 or over, working a 37.5hour week (7.5 hours a day, 52 weeks a year), this equates to a salary of £14,040 per annum.
For more information, please contact the Dafferns Payroll team
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