Contact: 01858 289189 |
Viewing posts from: September 2016

National Minimum Wage Changes – Oct 2016

Posted by Charlotte Morley in Accounts, Business, News, Tips | 0 comments

From the 1st October 2016 the national minimum wage (NMW) is changing, as recommended by the Low Pay Commission (LPC) in March 2015. 

The national minimum wage (NMW) applies to all workers and is paid at different rates according to age. There is a separate rate for apprentices and from April 2016 a new National Living Wage (NLW) applied to workers aged 25 and over. 

Last year (2015), the government rejected the LPC’s recommendation for the apprentice rate and the new apprentice rate saw a rise of 57p, the largest ever increase in National Minimum Wage for apprenticeships. This higher than recommended rise was set by the government with the belief that apprenticeships will deliver a wage that is comparable to other choices for work – and in turn seeing more people in apprenticeships.