National Minimum Wage increase from 1st October 2015

Ray Stewart Business, General, Tax Matters 0 Comments

It has been pointed out to me that I haven’t published the new 2015-16 National Minimum Wage rates this year.

These rates changed with effect from the 1st October 2015 and are now as follows:-

2015-16 National Minimum Wage Rates

  • Adult rate is now £6.70 per hour
  • Rate for 18-20 year olds is now £5.30 per hour
  • Rate for 16-17 year olds is now £3.87 per hour
  • Apprentice rate is now £3.30 per hour
  • Please make sure you amend your workers’ pay to reflect these new rates ASAP.

    ~Ray

    Ray Stewart
    I am a qualified Certified Practising Accountant having passed my final exams way back in 1981. I actually can’t believe that was 33 years ago!! Anyway, I am now in my 50’s and I have been running my own business since May 1983. And before you ask, no, I have never regretted a moment of it! Part of the membership requirements of my professional body now dictate that I spend quite a lot of time on “CPD” - continuing professional education (one of their better ideas) - and over the last two years I decided to study business growth and marketing. I have learnt such a lot and that knowledge has radically changed my old “accountants” approach to business. It has made such a difference to the way I work and operate I feel that I just have to pass on this knowledge. It is simply too powerful to hold back!! - but I will try and do it in simple terms rather than expecting you to spend hours, as I had to, working through the difficult language that trainers seem to use to pass on their concepts. I hope you find the blog a useful resource and interesting place to visit as the months pass. I will do my best to keep up the flow - but if there are any topics you would like me to cover, then please let me know. Ray Stewart
    Ray Stewart
    Ray Stewart

    Latest posts by Ray Stewart (see all)

    Leave a Reply