National minimum wage (NMW) rises

Perhaps not surprisingly in an election year, the government has announced some of the biggest real-term rises to NMW rates in recent years. From 1 October 2015, the hourly rates for workers aged 18 or over will go up by 3%, with a 2% increase for 16 and 17 year olds. The biggest winners are apprentices, who will benefit by an uplift of 57p – an increase of more than 20%. Current and future rates are:

Age Current Future
21 and over £6.50 £6.70
18 to 20 £5.13 £5.30
16 or 17 £3.79 £3.87
Apprentices under 19 or in first year £2.73 £3.30

 

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