Increase to the National Minimum Wage (NWM)

Gillian Melville
25th Mar 2015

It has been announced that the NMW will increase from 1st October 2015.

From that date, the standard rate (for adult workers, aged 20 or over) will rise from £6.50 to £6.70 per hour.

 

The development rate (for workers aged between 18 and 20) will rise from £5.13 to £5.30 per hour.

 

The young workers rate (for workers aged under 18 but above the compulsory school leaver age) will rise from £3.79 to £3.87 per hour.

 

Perhaps the most significant rise, however, relates to apprentices who will see an increase of 57p per hour, taking the apprentice rate up to £3.30 per hour from 1 October 2015. This increase reflects the government’s bid to make apprenticeships more financially attractive for younger people.

 

Further details can be found here:

https://www.gov.uk/government/news/new-national-minimum-wage-rates-announced

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