Tag Archives: increase

National Minimum Wage Increases 2014

Minimum Wage

The annual update to the national minimum wage (NMW) came into effect from 1 October 2014 with the new rates being published as:

21 and over: £6.50

18 to 20: £5.13

Under 18: £3.79

Apprentice*: £2.73

The apprentice rate is for those apprentices aged 16 to 18 and those aged 19 or over who are in their first year.  All other apprentices are entitled to the minimum wage for their age.

It really doesn’t matter how small an employer is, they still have to pay the minimum wage. The NMW is worked out at an hourly rate even if the eligible worker is not paid by the hour. There is a handy online calculator to help work out if you are currently paying the correct minimum wage rate for your employees.

Accommodation

If you are an employer providing accommodation, the offset rate for accommodation (including rent, gas, electricity, furniture laundry) is £5.08 a day or £35.56 a week. You can find out more about employer provided accommodation on the gov.uk website

If you’d like any further information on the minimum wage increases you can contact Lisa Middleton, or email payroll@kelsallsteele.co.uk.