The UK National Minimum Wage rates from 1 October 2014, as recommended by the Low Pay Commission and approved by government, will be:
|Adult Rate(21 years old and above)||Development Rate(18 – 20 years old)||Young Workers Rate(Aged under 18)||Apprenticeship Rate(aged Under 19 or aged over 19 but in first year of apprenticeship)|
|Increase of 19 pence||Increase of 10 pence||Increase of 7 pence||Increase of 5 pence|
The National Minimum Wage is the minimum pay per hour workers are entitled to by law. Different minimum wage rates apply depending on the circumstances of the worker. Factors such as they employee’s age, the provision of accommodation, travel time and uniform hire can all affect how much a worker is owed and must be taken into account.
Simplyco are expert contractor accountants and keep their contractors, freelancers, interims an locums informed of any changes to legislation which may affect them. If you would like to learn about the other ways which we can support you then take a look at our services page, give us a call on 01900 898 440 or email firstname.lastname@example.org.
Comments are closed.