National Minimum Wage increase - October 1st, 2013
The National Minimum Wage (NMW) is the minimum amount per hour that most workers in the UK are entitled to be paid.
If you pay your staff minimum wage you will need to review this in line with the new rates as of October 1st 2013.
Rates from 1 October 2013
£6.31 - the main rate for workers aged 21 and over
£5.03 - the 18-20 rate
£3.72 - the 16-17 rate for workers above school leaving age but under 18
£2.68 - the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship
This is an increase of 12p per hour on the main rate and 5p per hour for those aged from 18 to 20, both of which are below the current levels of inflation. But the figures are also higher than the current average pay growth and there has been some debate whether it’s fair to impose these pay increases on employers at a time when many businesses are struggling to make ends meet.
Workers who are undertaking work experience or an internship may not be entitled to the NMW; further information on this can be found at https://www.gov.uk/national-minimum-wage-rates