National Minimum Wage

Q: I’m thinking of taking on an employee, but can you tell me what the minimum is that I can pay them please?

 

 

A: The National Minimum Wage (NMW) rates are reviewed each year by the Low Pay Commission and from 1 October 2011 they are as follows:

• the main rate for workers aged 21 and over is £6.08
• the rate for workers aged 18-20 is £4.98
• the rate for workers aged 16-17 (i.e. above school leaving age) but under 18 is £3.68
• the apprentice rate, for apprentices aged under 19 or 19 or over and in the first year of their apprenticeship is £2.60

If you would like any advice or assistance with setting up your payroll scheme, please feel free to contact your local TaxAssist Accountant.

• Posted in: PAYE NIC & Benefits In Kind