Friday, 17 September 2010

national minimum wage increase

Increase in the national minimum wage rate (all UK)
Relevant to
Employers that pay workers and/or apprentices the national minimum wage

Takes effect on
1 October 2010

From 1 October 2010, new national minimum wage (NMW) rates will come into force.

The NMW applies to nearly all workers and sets hourly rates below which you must not allow pay to fall.

For pay reference periods (PRPs) beginning on or after 1 October 2010, you will have to pay all eligible workers the following:

£5.93 an hour to workers aged 21 and above ('the main rate')
£4.92 an hour to workers aged 18-20
£3.64 an hour to workers aged below 18 who are no longer of compulsory school age
It's important to note that the age threshold for the main rate is going to fall from 22 (as it is currently) to 21.

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