This year the adjustment to the UK Minimum Wage seemed to slip through unannounced. It no longer even appears on the HM Revenue & Customs web site. If you want the full history and the current rates you can find it now on https://www.gov.uk website.
For those that missed it this year, the hourly rates have increased again with effect from the 1st October 2014 to the following levels:-
- £6.50 – Adults aged 21 and over
- £5.13 – People aged 18 to 20
- £3.79 – People under 18
- £2.73 – Apprentice aged 16 to 18 and those aged 19 who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.
I hope this timely reminder helps you not to fall foul of these minimum requirements. The rates apply to every worker you employ but not to directors of Limited Companies.
Please do not hesitate to ask if you have any questions about this important matter.