National Minimum Wage increase to £6.50

The government has approved a rise in the National Minimum Wage to £6.50 per hour from October this year, with more than a million people set to see their pay rise by as much as £355 a year.

The National Minimum Wage rates from 1 October 2014, as recommended by the Low Pay Commission, will be:

  • A 19p (three percent) increase in the adult rate from £6.31 to £6.50 per hour;
  • A 10p (two percent) increase in the rate for 18 to 20 year olds from £5.03 to £5.13 per hour;
  • A 7p (two percent) increase in the rate for 16 to 17 year olds from £3.72 to £3.79 per hour; and
  • A 5p (two percent) increase in the rate for apprentices from £2.68 to £2.73 per hour.

For further information visit www.gov.uk/government/news/one-million-set-to-benefit-from-national-minimum-wage-rise-to-650?utm_source=LINX+320+-+20+Mar&utm_campaign=LINX320&utm_medium=email.