The National Minimum Wage (NMW) is the minimum pay per hour that most employees are entitled to by law.
From the 1st April 2020, the NMW will be increasing by up to 6.5%.
Employers who pay their employees the NMW, will need to update their payroll systems to ensure that the new legal limits are met from 1st April 2020.
A full list of the current and new NMW rates is below:
- Apprentices under 19 or 19 or over who are in the first year of apprenticeship: Current NMW £3.90 ph, increasing to £4.15 ph from 1st April 2020.
- 16-17 yrs old: Current NMW £4.35 ph, increasing to £4.55 ph from 1st April 2020.
- 18-20 yrs old: Current NMW £6.15 ph, increasing to £6.45 ph from 1st April 2020.
- 21-24 yrs old: Current NMW £7.70 ph, increasing to £8.20 ph from 1st April 2020.
- 25 yrs old and over: Current NMW £8.21 ph, increasing to £8.72 ph from 1st April 2020.
Want to learn more about the NMW? Further details can be found on the .gov.uk website: https://www.gov.uk/national-minimum-wage-rates