Annual National Minimum Wage Rate Increases
The National Minimum Wage
increase will take effect on 1 October 2015.
- For workers who are aged 21
or over, from £6.50 to £6.70 per hour.
- For workers who are aged 18
or over (but not yet 21), from £5.13 to £5.30 an hour.
- For workers who are under the
age of 18, from £3.79 to £3.87 an hour.
- For apprentices, from £2.73
to £3.30 an hour.
The National Minimum Wage is
increased annually in October of each year following
recommendations by the Low Pay Commission, an independent statutory
body set up to monitor and evaluate the National Minimum Wage and
make recommendations for change.
In July 2015 the Low Pay
Commission also opened consultation in relation to the potential
impact of the proposed National Living Wage. Consultation
will close in September 2015.
In the meantime, the new
National Living Wage of £7.20 per hour is due to be introduced in
April 2016 for workers who are 25 and above.
The National Living Wage will
involve a potential pay rise for many workers but critics argue
that thousands of jobs will be lost.
In the meantime, a number of
companies including Lidl, Ikea and Oliver Bonas have already
introduced the Living Wage in a blaze of publicity.
Whilst some businesses
champion the cause other organisations, charities and social
enterprise are looking closely at the consequences and at how to
retain services without increasing prices for the
Posted on: 25/09/2015
This article is for general guidance only. It provides useful information in a concise form. Action should not be taken without obtaining specific legal advice.
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