The new National Minimum Wage apply to payroll / salary periods starting on or after 1 October 2014 and are:

• the main adult rate (for workers aged 21 and over) is £6.50 per hour
• the rate for workers aged between 18 and 20 is £5.13 per hour
• the rate for workers aged under 18 is £3.79 per hour
• the rate for apprentices is £2.73* per hour.

The rates are influenced by age, and apprentices / employees must be the school leaving age to qualify for the above rates.

*The rate for apprentices aged 16 to 18 and those aged 19 or over who are in their first year of an apprenticeship. All other apprentices are entitled to the National Minimum Wage for their age.

Source HMRC

AFH Payroll can assist with your payroll needs, ensuring you naturally comply with any legislative changes affecting your business.  Contact us today if you would like an informal discussion about how we can help.

Useful links:

https://www.gov.uk/government/news/above-inflation-rise-for-national-minimum-wage

https://www.facebook.com/nmwage

http://www.acas.org.uk/index.aspx?articleid=1902