National Minimum Wage

National Minimum Wage UKNational Minimum Wage – Update October 2014

Every October, the National Minimum Wage is set for the following year. This is the minimum wage that employers must pay their employees and failure to do so can result in severe penalties and fines.

National Minimum Wage – Background

The National Minimum Wage is a set hourly rate most employees can expect to receive as remuneration for the work they do for an employer. There are 2 groups of people exempt from NMW – self employed workers and children of compulsory school age. It is imperative that employees check their wage slips if they are being paid the NMW to ensure that they are being paid the correct amount. If not, in the first instance, they should speak to their employer. If the employer has underpaid them, they should immediately rectify the situation. If they refuse to rectify the situation, then action can be taken against the employer.

National Minimum Wage – Update

From October 1st 2014, the National Minimum Wage (the minimum an employee can expect to be paid for their job) has been increased. The rates are as follows:-

  • Workers aged 21 and over – £6.50 per hour
  • Workers aged 18 – 20 – £5.13 per hour
  • Workers aged between compulsory school age and 18 – £3.79
  • Apprentices aged under 19 – £2.73
  • Apprentices aged over 19 but in the first year of apprenticeship – £2.73

Apprentices over the age of 19 who have completed the first year of their apprenticeship are entitled to receive the NMW commensurate to the age banding above.

For more information, you can visit HM Revenue and Customs web site here and also the Governments web site on the NMW here.

If you’re employer is not paying the above amounts as a minimum, then you need to speak to them straight away. If they do not respond positively, then contact HMRC.

 

Leave a Reply

Your email address will not be published. Required fields are marked *