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National Minimum Wage


National Minimum Wage rates effective from 1 October 2016 and National Living Wage effective from 1 April 2016:

 


W Rate Hourly rate – from 1.10.2010 Current rate – from 1.10.2009

 








 













 













Prepared by: VADVA & PICKERING LTD, Chartered Certified Accountants. E&OE. The above is prepared in good faith without any responsibility on our part. Reference to the full legislation should be obtained in uncertain circumstances.


NMW Rate

rate per hour

1.4.18 - 31.3.19

rate per hour

1.4.17 - 31.3.18

rate per hour

1.10.16 - 31.3.17

Rate for workers aged 25 and over

£7.83

£7.50

£7.20

Rate for workers aged 21-24 inclusive

£7.38

£7.05

£6.95

Rate for workers aged 18-20 inclusive

£5.90

£5.60

£5.55

Rate for workers aged under 18

£4.20

£4.05

£4.00

Apprentice rate (aged 16-18 or over 19 and in first year of apprenticeship) - after that paid at rate applicable to age


£3.70

£3.50

£3.40

The NMW is the BASIC PAY, including bonuses or commission, but excluding overtime or shift work and excludes deductions for expenses linked to the job such as uniforms, transport or agency fees or benefits in kind such as meals, car or fuel benefits,  pension contributions and medical insurance.  Tips are also excluded.


However, employers can deduct accommodation up to £7 per day, or £49 per week, for the period from 1.4.2018 to 31.3.2019 (the offset will not apply to students on further or higher education courses).



EXCEPTIONS - NMW does not apply to the following:


Resources

For more information visit     https://www.gov.uk/national-minimum-wage

National Minimum Wage calculator - https://www.gov.uk/am-i-getting-minimum-wage

National Minmum Wage helpline - 0845 6000 678  (P.S. Reference to the full legislation should be made in uncertain circumstances)

From November 2018, the minimum wage levels set by the Living Wage Foundation for all employees aged over 18 increases from £8.75 p.hr (London: £10.20 p.hr) to £9 p. Hr (London £10.55 p.hr). The Living Wage Foundation says this is the minimum rate per hour to achieve an acceptable standard of living. These rates are currently voluntarily paid by about 4,700 firms.