Minimum wage to rise to £6.50 in October 2014

The government confirms that there will be a rise in the National Minimum Wage as of October this year.

The new National Minimum Wage will increase to £6.50 an hour as recommended by the independent Low Pay Commissioner. 

The increase in pay will mean that more than one million employees could see their wages increase by as much as £355 a year.

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

• a 19p (3%) increase in the adult rate (from £6.31 to £6.50 per hour)
• a 10p (2%) increase in the rate for 18 to 20 year olds (from £5.03 to £5.13 per hour)
• a 7p (2%) increase in the rate for 16 to 17 year olds (from £3.72 to £3.79 per hour)
• a 5p (2%) increase in the rate for apprentices (from £2.68 to £2.73 per hour)

If you require support with these legislations changes please contact us. All legislation changes are already in hand for our retained clients.

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