The National Minimum Wage rates are changing on 1 October 2014 which will affect all businesses, regardless of company size. So whether you have only a handful of employees or several hundred, you are urged to prepare by taking steps to work out how much your workers are owed and making sure their payroll is updated.
The National Minimum Wage is the minimum pay per hour workers are entitled to by law. Different minimum wage rates apply depending on the circumstances of the worker. Factors such as they employee’s age, the provision of accommodation, travel time and uniform hire can all affect how much a worker is owed and must be taken into account.
Paying workers correctly and in compliance with the law is crucial. If you are unsure about what you should be paying, you can call the Pay and Work Rights Helpline on 0800 917 2368 or visit www.gov.uk/national-minimum-wage for free advice and information.
Employers who fail to pay workers the right amount will be publicly named and shamed, face a financial penalty of up to £20,000 per employee, and may even be prosecuted.
National Minimum Wage rates
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.
|Year||21 and over||18 to 20||Under 18||Apprentice*|
|2014 (from 1 October)||£6.50||£5.13||£3.79||£2.73|
|2013 (current rate)||£6.31||£5.03||£3.72||£2.68|