National Minimum Wage Increase

September 26th, 2012

In March this year the government published regulations to increase the hourly rate of the National Minimum Wage (NMW) which comes into effect from Monday 1st October.

This will bring the NMW for adults aged over 21 to £6.19 and the rate for apprentices under the age of 19 or in the first year of their apprenticeship increases 5p to £2.65.

The maximum daily amount for living accommodation, which counts towards pay for NMW purposes, is also increased to £4.82 – a rise of 9p. Although if an employer does provide accommodation for their staff then they can count some of its value towards NMW pay.

These new rates were recommended by the Low Pay Commission, an independent body that was set up to advise the government following the National Minimum Wage Act 1998.


BACK TO NEWS PAGE »
Latest News

DanceSyndrome quicksteps towards 2020 vi...

February 21st 2020

DanceSyndrome, the Lancashire-based, national award-winning charity, is celebrating ten years of sup...

Calling all charities – Learn how to d...

February 14th 2020

As part of our commitment to help charities navigate complex challenges, we are co-hosting a worksho...

Focus
management accounts

HOW WE HELP YOU Our Management Accounts service can be fully tailored to your nee...

corporate finance

Growing through acquisition is an exciting opportunity for your business, but fear o...

SPOTLIGHT ON R&D

Procter's Cheeses

Procter's Cheeses

Leading cheese manufacturer, Procter's Cheeses, has been developing its products for almost 30 years and produces more than 200 tonnes of cheese each year.

Our Tweets

Champion Accountants

Growth Protection Core Support Menu
Contact