02 February 2017
The new rates for the national minimum wage (or national living wage) which will apply with effect from 1 April 2017 have now been announced. They will be as follows:
- For workers aged 25 or over, “the national living wage rate” will increase from £7.20 to £7.50 per hour
- For workers who are aged 21 or over (but not yet aged 25) the minimum wage rate will increase from £6.95 to £7.05 per hour
- For workers who are aged 18 or over (but not yet aged 21) the minimum wage rate will increase from £5.55 to £5.60 per hour
- The rate for workers who are under the age of 18 will increase from £4.00 to £4.05 per hour
- The apprenticeship rate which applies to particular workers (covered by the legislation) will increase from £3.40 to £3.50 per hour
- The rate applicable where an employer provides a worker with living accommodation increases from £6.00 to £6.40 for each day that accommodation is provided.
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There can often be complex calculations required to establish the hourly rate depending upon the type of work that is done in terms of the Regulations. Speak to your BTO expert for more information.
Contact: David Hoey, Partner dho@bto.co.uk T: 0141 221 8012