National Minimum Wage rates set to increase
2nd February, 2017 by Graham Irons
NEWS
The draft National Minimum Wage (Amendment) Regulations 2017 have been published which increase the National Minimum Wage and the National Living Wage from 1 April 2017.
DETAILS
The National Living Wage (for all working people aged 25 and over) will increase from £7.20 to £7.50.
The National Minimum Wage will increase to:
- £7.05 for staff aged 21 years or over;
- £5.60 for staff aged 18 years or over (but not yet 21);
- £4.05 for staff under 18 years; and
- £3.50 for staff to whom the apprenticeship rate applies.
- The regulations are expected to come into force on 1 April 2017.
COMMENT
Graham Irons comments: "Employers should review their wage structure and check their payroll systems to ensure that staff receiving minimum wage are paid the correct rate from April."