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Accountants in Medway - Sinden Thackeray Partnership

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National minimum wage increases announced

Newsletter Issue - April 2016

Following recommendations made by the Low Pay commission, the government has announced increases in the national minimum wage (NMW), which will take effect from October 2016.

The new rates will be as follows:

  • The rate for 21- to 24-year-olds will rise by 3.7% to £6.95 an hour.
  • The rate for 18- to 20-year-olds will rise by 4.7% to £5.55 an hour.
  • The rate for 16- to 17-year-olds will rise by 3.4% to £4.00 an hour.
  • The apprentice rate will rise by 3% to £3.40 an hour.

For further information, see the GOV.UK website here.

 


Christopher Kember FMAAT is licensed and regulated by AAT under licence number 7213. AAT is recognised by HM Treasury to supervise compliance with the Money Laundering Regulations and Sinden Thackeray Partnership is supervised by AAT in this respect.