New Minimum Wage Rates
18th April 2014Back to articles
The Government has accepted the recommendations of the Low Pay Commission (LPC) for the National Minimum Wage (NMW) rates for 2014/2015.
The following changes will come into effect on 1 October 2014:
•the adult NMW rate will increase from £6.31 to £6.50 per hour;
•the NMW rate for workers aged 18 to 20 will increase from £5.03 to £5.13 per hour;
•the NMW rate for 16- and 17-year-olds will increase from £3.72 to £3.79 per hour; and
•the apprentice rate of the NMW, which applies to apprentices under 19 or over 19 and in the first year of their apprenticeship, will increase from £2.68 to £2.73 per hour.
The accommodation offset will increase from £4.91 to £5.08 per day.
The LPC's annual report for 2014 can be found at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/288847/The_National_Minimum_Wage_LPC_Report_2014.pdf.