National Minimum and Living Wage rates from October 2016

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]

Year25 and over21 to 2418 to 20Under 18Apprentice
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