Call us on 01794 515 163

  • Book a Free Consultation
  • Get a Fixed Quote

National minimum wage increases announced

Newsletter Issue - April 2016

Following recommendations made by the Low Pay commission, the government has announced increases in the national minimum wage (NMW), which will take effect from October 2016.

The new rates will be as follows:

  • The rate for 21- to 24-year-olds will rise by 3.7% to £6.95 an hour.
  • The rate for 18- to 20-year-olds will rise by 4.7% to £5.55 an hour.
  • The rate for 16- to 17-year-olds will rise by 3.4% to £4.00 an hour.
  • The apprentice rate will rise by 3% to £3.40 an hour.

For further information, see the GOV.UK website here.

 

Sign Up To Our Newsletter

Please enter your details to recieve our newsletter directly to your inbox

Tailored Advice For Your Business

We understand that no two businesses are the same, so we can tailor advice to suit your circumstances and business size. In this section you'll find guides and features for those businesses needing advice on how to manage company accounts, including cash flow management, late payment, bad debts and business tax...and much more

Your business size