With the upcoming changes to minimum wage we thought we would give you a quick breakdown of the main details.
The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice - you must be at least school leaving age to get it (you can leave school on the last Friday in June if you’ll be 16 by the end of the summer holidays).
National Minimum Wage Current Rate (from October 2015):
21 and over = £6.70 ph
18 to 20 = £5.30 ph
Under 18 = £3.87
Apprentice* = £3.30 ph
*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.
The rates are usually updated every October - the rates quoted above apply from October 2015.
However, from the 1st April 2016 the National Living Wage will become law. If you’re working and aged 25 or over and not in the first year of an apprenticeship, you’ll be legally entitled to at least £7.20 per hour.
The National Living Wage is designed to provide a direct boost to over one million workers in the UK this year – rewarding and providing security for working people. By taking these measures, companies will be able to properly reward their staff and avoid falling foul of the law when it takes effect. The new National Living Wage is a key part of the Government’s plan to continue to move to a higher wage, lower tax and lower welfare society, building a more productive country and giving families the security of well-paid work.
You can find out more about the New National Living Wage by visiting www.livingwage.gov.uk