National minimum wage increases announced

Newsletter Issue - April 2016

Following recommendations made by the Low Pay commission, the government has announced increases in the national minimum wage (NMW), which will take effect from October 2016.

The new rates will be as follows:

• The rate for 21- to 24-year-olds will rise by 3.7% to £6.95 an hour.
• The rate for 18- to 20-year-olds will rise by 4.7% to £5.55 an hour.
• The rate for 16- to 17-year-olds will rise by 3.4% to £4.00 an hour.
• The apprentice rate will rise by 3% to £3.40 an hour.

For further information, see the GOV.UK website here.

Click here to see how easy it is to switch to Cowley Holmes