Accounting News

Increase to National Minimum Wage

Increase to National Minimum Wage Rates

Monday 10 November, 2014

The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice - you must be at least school leaving age to get it.

See the following table for current rates:

Year Age 21+   Age 18 to 20   Age Under 18   Apprentice*
2014 (current rate)   £6.50     £5.13     £3.79     £2.73
2013   £6.31     £5.03     £3.72     £2.68
2012   £6.19     £4.98     £3.68     £2.65
2011   £6.08     £4.98     £3.68     £2.60

*This rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.

The current rates apply from October 2014.

Arrange your FREE initial consultation

Our team of Accounting & Bookkeeping experts will be happy to meet with you to discuss your business requirements. Complete the form below or call 01727 730550 to arrange your FREE initial consultation.

Established in St Albans since 2008 –
99% Client Retention for recurring services

Tax Tips & Updates to you Inbox

Receive essential Tax Tips and Updates from Visionary Accountants.