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Draft regulations to increase the National Minimum Wage published

6th February 2020 By bespoketax

Draft regulations to increase the National Minimum Wage published

The draft National Minimum Wage (Amendment) Regulations 2020 have been laid before Parliament and are due to come into force on 1 April 2020. The regulations will increase the various rates of the National Minimum Wage (NMW) and National Living Wage (NLW) as follows:

  • the NLW rate for workers aged 25 and over will rise from £8.21 to £8.72 per hour
  • the NMW standard rate for workers aged 21 to 24 will rise from £7.70 to £8.20 per hour
  • the NMW development rate for workers aged 18 to 20 will rise from £6.15 to £6.45 per hour
  • the NMW young workers rate for those aged 16 and 17 will rise from £4.35 to £4.55 per hour
  • the NMW apprentice rate for apprentices under 19 years of age or those aged 19 and over but in the first year of their apprenticeship will rise from £3.90 to £4.15 per hour
  • the daily offset for the provision of living accommodation will rise from £7.55 to £8.20 per day.

Filed Under: Uncategorised

Draft regulations to increase the national minimum wage published

12th February 2018 By bespoketax

Draft regulations to increase the National Minimum Wage published

The draft National Minimum Wage (Amendment) Regulations 2018 have been laid before Parliament and are due to come into force on 1 April 2018. The regulations will increase the various rates of the national minimum wage (NMW) and national living wage (NLW) as follows:

  • the NLW rate for workers aged 25 and over will rise from £7.50 to £7.83 per hour
  • the NMW standard rate for workers aged 21 to 24 will rise from £7.05 to £7.38 per hour
  • the NMW development rate for workers aged 18 to 20 will rise from £5.60 to £5.90 per hour
  • the NMW young workers rate for those aged 16 and 17 will rise from £4.05 to £4.20 per hour
  • the NMW apprentice rate for apprentices under 19 years of age or those aged 19 and over but in the first year of their apprenticeship will rise from £3.50 to £3.70 per hour
  • the daily offset for the provision of living accommodation will rise from £6.40 to £7.00 per day.

Filed Under: Employment & Payroll

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