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National Minimum Wage 2014

National Minimum Wage 2014
Monday, 24 March 2014 09:24

From the 1st of October 2014 the National Minimum Wage (NMW) will be increased to the new rates:

The Adult Rate will increase from £6.31 to £6.50
The rate for 18-20 year olds will increase from £5.03 to £5.13
The rate for 16-17 year olds will increase from £3.72 to £3.79
The apprentice rate will increase from £2.68 to £2.73

 

It is worth noting that it is criminal offence not to pay someone minimum wage or to falsify payment records, if HMRC do find that an employer hasn’t been paying the correct rates, there will be a penalty and any arrears have to be paid to the employee immediately.


Although, some types of workers are not entitled to national minimum wage, some examples are:

• Self-employed people
• Company directors
• Volunteers
• Workers on a government employment programme
• Share fishermen
• Prisoners
• Members of the armed forces

If you have any questions or need any assistance on NMW please contact us on 03331 123456.

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