In case you missed it, here are the NMW rates for the first pay reference period on or after 1 October 2016
In case you missed it, the NMW rates for the first pay reference period on or after 1 October 2016 are as follows:
• the rate for 21- to 24-year-olds increased by 25p to £6.95 per hour (from £6.70)
• the rate for 18- to 20-year-olds increased by 25p to £5.55 per hour (from £5.30)
• the rate for 16- to 17-year-olds increased by 13p to £4 per hour (from £3.87)
• the apprentice rate increased by 10p to £3.40 per hour (from £3.30)
• the accommodation offset increased by 65p to £6 per day (from £5.35)
However, the National Living Wage rate that applies to workers who are 25 years old or over remains unchanged at £7.20 per hour.
The Department for Business, Energy and Industrial Strategy (BEIS) has updated its guidance to reflect the above rates and also provide practical advice and examples to explain:
• what counts and does not count as pay and working hours for minimum wage purposes
• eligibility for the minimum wage
• how to calculate the minimum wage
• how the minimum wage is enforced
The review dates for NMW and NLW have now been aligned and both will be reviewed for pay reference periods starting on or after 1 April 2017.