National Minimum Wage Increase from October 2014

September 29, 2014   //   No Comments

In addition to the updated national minimum wage increase, the government has also introduced new additional penalties for underpayment of employees.

The new minimum wage from October 14 will be:

  • Aged 21 and over – increase from £6.31 to £6.50 per hour
  • Aged 18-20 – increase from £5.03 to £5.13 per hour
  • Aged 16-17 – increase from £3.72 to £3.79 per hour
  • Apprenticeship rate – increase from £2.68 to £2.73 per hour.

To find out about the additional penalties for underpayment of staff, SAIF members may logon to the Members’ pages and read the Business Update October 2014 written by Phil Orford, Chief Executive of the Forum of Private Business.  Once logged in, visit the Business Information page or click here.