The National Minimum Wage (NMW) increased on 1st October 2015. The rate per hour you get depends on your age and if you are an apprentice, and you must be at least school leaving age to get it too.
The rates have increased meaning the NMW applicable to pay reference periods
starting on or after 1 October 2015 are as follows;
• the main adult rate (for workers aged 21 and over) is £6.70
• the rate for workers aged between 18 and 20 is £5.30
• the rate for workers aged under 18 is £3.87
• the rate for apprentices is £3.30*.
*This rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their
first year. All other apprentices are entitled to the National Minimum Wage for their age.
National Living Wage
From April next year (2016) the national living wage will be £7.20 per hour for any workers aged 25 and older. The national minimum wage stated above will still apply to those aged 24 and under.
If you currently run your own payroll using Sage Instant Accounts or Sage 50 Payroll, or if you outsource the service currently but you are interested in the costs of bringing it back in house then please get in touch. Alison at Silicon Bullet is Sage Payroll Accredited and can offer support, advice and training in both packages.