National Minimum and Living Wage Increase
The National Minimum Wage (Amendment) Regulations 2017 (‘the regulations’) have been published as follows and they will come into effect from 1st April 2017:
- The National Living Wage for 25 year olds and over will increase by 30p from £7.20 to £7.50.
- The adult rate (21-24) will increase to £7.05 an hour which is 10p more than the current rate of £6.95.
- The Youth Development rate which affects 18-20-year-olds will increase to £5.60 per hour which is 5p more than the current rate of £5.55.
- The under 18-years-old rate will also see an increase up to £4.05 per hour which is 5p more than the current rate of £4.00.
- The Apprentice Rate will receive an increase to £3.50 per hour which is 10p more than the current rate of £3.40.