Summary: Employers should be aware that from 1 October 2014 changes to the national minimum wage will come into effect.
The Changes
The Government has announced the following changes to the national minimum wage which will take effect from 1 October 2014:
From 1 October 2013 to 30 September 2014 |
From 1 October 2014 |
|
Standard Adult Rate |
£6.31 |
£6.50 |
Development Rate |
£5.03 |
£5.13 |
Young Workers Rate |
£3.72 |
£3.79 |
Apprenticeship Rate |
£2.68 |
£2.73 |
The Categories
The Standard Adult Rate
This rate applies to workers aged 21 or over.
The Development Rate
This rate applies to workers aged between 18 and 20 inclusive.
The Young Workers’ Rate
This rate applies to workers aged below 18 but above the compulsory school age who are not apprentices.
Apprenticeship Rate
This rate applies to all apprentices under 19 years of age or those aged 19 and over but in the first year of their apprenticeship.
Contact Details
For more details about the minimum wage changes please contact:
fgmedia@fgsolicitors.co.uk
+44 (0) 1604 871143
This update is for general guidance only and does not constitute definitive advice.