As of 1st October 2011 updates and changes will take affect concerning minimum wages. It is important to be aware of both the current rates as well as the new rates if working out rises in salaries.
The information below is as it is stated on the HMRC website and details all new updates and changes and also provides the rates as they currently stand.
Important updates and changes
The Department for Business, Innovation and Skills has announced the national minimum wage rates from 1 October 2011:
- the adult rate will increase by 15p to £6.08 an hour
- the rate for 18-20 year olds will increase by 6p to £4.98 an hour
- the rate for 16-17 year olds will increase by 4p to £3.68 an hour
- the rate for apprentices will increase by 10p to £2.60 an hour
Current national minimum wage rates
There are currently three different national minimum wage rates and an apprentice rate, which are usually updated in October each year. The rates that apply from 1 October 2010 are as follows:
- for workers aged 21 years or more: £5.93 per hour
- for workers aged 18 to 20 inclusive: £4.92 per hour
- for workers aged under 18 (but above compulsory school age): £3.64 per hour
- for apprentices aged under 19: £2.50 per hour
- for apprentices aged 19 and over, but in the first year of their apprenticeship: £2.50 per hour
Apprentices aged 19 or over who have completed at least one year of their apprenticeship are entitled to receive the full national minimum wage rate applicable to their age.