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.
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
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+44-1865 292200 or get in touch online to find out how Shaw Gibbs can help you
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