National Minimum Wage increase from 1st October 2015

Ray Stewart Business, General, Tax Matters Leave a Comment

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 Stewart
    I am a qualified Certified Practising Accountant having passed my final exams way back in 1981. I actually can’t believe that was 37 years ago!! Anyway, I am now in my 60’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

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