The National Minimum Wage (NMW) applies to nearly all workers and sets hourly rates which pay must not be allowed to fall below. The rate will depend on a worker's age and if they are an apprentice.
The National Living Wage (NLW) was introduced on 1 April 2016 for all working people aged 25 and over and is set at £7.20 per hour. The current NMW rate for those under the age of 25 still applies.
From October 2016 the new National Minimum Wage rates for under 25's will be:
- £6.95 per hour for 21-24 year olds
- £5.55 per hour for 18-20 year olds
- £4.00 per hour for 16-17 year olds
- £3.40 for apprentices under 19 or 19 or over who are in the first year of their apprenticeship
For more details on the current rates of pay visit: https://www.gov.uk/national-minimum-wage-rates
PSC is excited to announce the arrival of our new payslip viewing app - mSlip! Our online payslip portal, eSlip, is becoming an increasingly popular option amongst our client base so we have extended the experience by creating a mobile app.