National Minimum Wage increasing – April 2018
From the 1st April 2018, the rates for National Living Wage and National Minimum Wage will be increasing.
National Minimum Wage
The adult rate (21-24 year olds) will increase by 33p from £7.05 to £7.83 per hour.
The Youth Development rate (18-20 year olds) will increase by 30p from £5.60 to £5.90 per hour.
The Under 18 year’s old rate will also see an increase of 15p from £4.05 to £4.20 per hour.
The Apprentice Rate will receive an increase of 20p from £3.50 to £3.70 per hour.
National Living Wage
The National Living Wage for 25 year olds and over will increase by 33p from £7.50 to £7.83 per hour.
National Minimum Wage and National Living Wage
The National Minimum Wage (NMW) is the minimum pay per hour most workers under the age of 25 are entitled to by law.
The government’s National Living Wage (NLW) is the minimum pay per hour most workers aged 25 and over are entitled to by law.
The rate will depend on a worker’s age and if they are an apprentice.
HMRC (HM Revenue & Customs) can take employers to court for not paying the NMW/NLW.
Find out more at: ACAS