On the 1st October 2016 there are going to be changes to the National Minimum Wage.
For the different minimum wage categories, here are the changes that will be made, to be applied from the 1st October 2016.
- For workers aged 21-24, minimum wage will increase from £6.70 to £6.95, an increase of 3.7%.
- For workers aged 18-20, there will be an increase of 4.7%, rising from £5.30 to £5.55.
- For workers aged 16-17, there will be an increase of 3.4%, rising from £3.87 to £4.00
- For apprentices, there will be an increase of 3%, rising from £3.30 to £3.40.
As of 1st April 2016, workers aged over 25 were entitled to National Living Wage - £7.20, which effectively brought in a new minimum wage category. Any recommended changes to this wage will be made this Autumn, and if accepted, they will be put into place in April 2017.
For more information on National Minimum Wage, visit https://www.gov.uk/government/news/the-government-accepts-minimum-wage-rate-recommendations--2