Business News

The National Minimum Wage and Living Wage

National Living WageBoth the National Minimum and National Living Wage went up on 1st April 2017. By law businesses must pay workers at least the appropriate National Minimum or National Living Wage depending on their age and whether they are an apprentice.

Date

Aged 25 & over

Aged 21 to 24

Aged 18 to 20

Aged under 18

1st October 2016

£7.20

£6.95

£5.55

£4.00

From 1st April 2017 (current rate)

£7.50

£7.05

£5.60

£4.05

As an employer you have a duty to be aware of and comply with the different legal National Minimum and Living Wage rates. If you need more information about the legal requirements then you can seek advice from Acas.

Even if you are paying the correct minimum rates you should be aware of some common mistakes made when calculating worker’s wages which can result in not complying with the law. To find out more information and see some examples, visit the government's website

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