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National Minimum Wage Increase

2nd October 2014

The National Minimum Wage has its annual increase this week. From 1 October 2014 onwards the rates are as follows –

Over 21s – increased from £6.31 to £6.50 per hour

18 – 21s – increased from £5.03 to £5.13 per hour

Under 18s – increased from £3.72 to £3.79 per hour

Apprentices – increased from £2.68 to £2.73 per hour

The new rates should be used from the pay periods starting on or after 1 October. Make sure the rates are changed, as failure to do this is a criminal offence, with potential penalties of up to £20,000