From 1 October 2015 individuals on the National Minimum Wage will benefit from a 3% increase. The minimum wage changes are coming into force after recommendations by the Low Pay Commission and provide benefit to individuals of all ages.
Individuals aged between 18 to 20 and those over the age of 21 will receive a 3% increase while those aged between 16 to 17 will receive a 2% increase. The changes mean good news for apprentices who will receive an increase of 20% – or 57p per hour.
The changes can be summarised as below:
|Age range||Old rate||New rate from 1 October 2015|
|Adults (21 and over)||£6.50||£6.70|
|18 to 20||£5.13||£5.30|
The Low Pay Commission have expressed their contentment with the new National Minimum Wage rates, commenting that employers will now be able to respond in a way that promotes employment, especially in light of improved economic and labour market conditions.
If you are an employee who is not receiving the National Minimum Wage, or an employer who needs advice on the minimum wage changes or new employment contracts and terms, why not contact Aston Bond’s team of employment solicitors on 01753 486 777.