New Minimum Wage 1st October 2010
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September 28, 2010, 1:57 pm
Filed under: Uncategorized
Filed under: Uncategorized
The National Minimum Wage (NMW) hourly rates from 1 October 2010 are:
Age 21 and over £5.93 per hour
Age 18 – 20 £ 4.92 per hour
Age 16 and 17 £3.64 per hour
New rate for apprentices under 19 (or over 19 and in their 1st year) is £2.50 per hour.
New for 2010 the top rate now applies to those over 21 (previously it was over 22)
TOP TIP: If you pay your staff a salary based on their normal working hours at minimum wage, be careful if they work unpaid overtime as they will fall below minimum wage and you will have breached the regulations.
It is useful to round up the hourly rate to take account of occasional extra unpaid hours worked by salaried staff.
For more information and advice, just call Natasha on 07736 814 552
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