shaw gibbs - accountants and business advisers
accountants & business advisers

Article

New National Living Wage and National Minimum Wage rates

Article

New National Living Wage and National Minimum Wage rates

28 Feb 2017

1 minute read

In the 2016 Autumn Statement, Chancellor Philip Hammond announced that the National Living Wage (NLW) and the National Minimum Wage (NMW) rates will rise from April 2017.

New National Living Wage and National Minimum Wage rates - news article image

In the 2016 Autumn Statement, Chancellor Philip Hammond announced that the National Living Wage (NLW) and the National Minimum Wage (NMW) rates will rise from April 2017.

Any increases in the hourly rates will in future take place in April, rather than in October, as set out in the table.

Mr Hammond also announced additional support targeted at small businesses to help them to comply with the NMW legislation, and a campaign aimed at raising awareness amongst workers and employers regarding their rights and responsibilities.

Apprentices* Age
16-17
Age
18-20
Age
21-24
25 and over
National Minimum Wage £3.50 £4.05 £5.60 £7.05
National Living Wage £7.50

* under 19, or 19 or over and in the first year of their apprenticeship

We can advise on a range of business issues – please contact us for assistance.

Need expert advice?

Speak to an expert for advice on
+44-1865 292200 or get in touch online to find out how Shaw Gibbs can help you

Email
info@shawgibbs.com

Need expert advice?

Speak to an expert for advice on
+44-1865 292200 or get in touch online to find out how Shaw Gibbs can help you

Email
info@shawgibbs.com

What our clients say

  • I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    Richard Preston

  • Thank you for being such a great partner in building our business!

    Thank you for being such a great partner in building our business!

    Oege de Moor - CEO, Semmle

  • Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Charles Parry – John Parry Estates Ltd

  • Shaw Gibbs’ service provides timely expertise at a reasonable cost

    Shaw Gibbs’ service provides timely expertise at a reasonable cost

    OATS Limited

© 2022 Shaw Gibbs Ltd

Your registration