New National Minimum Wage (NMW) rates have been announced that come into effect from 1st October 2010. The rates will be as follows:
Key Note: - Apart from the increased rates, the age at which the top rate applies will decrease from 22 to 21 years old.
AGE BAND | HOURLY RATE | |
New: | aged 21 and above | £5.93 |
Previous: | aged 22 and above | £5.80 |
New: | aged 18 to 20 (inc) | £4.92 |
Previous: | aged 18 to 21 (inc) | £4.83 |
New: | aged 16 and 17 | £3.64 |
Previous: | aged 16 and 17 | £3.57 |
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