New National Minimum Wage rates

With effect from 1st October 2014 the national minimum wage (NMW) rates will be as follows:

• for adults, £6.50 per hour (previous rate £6.31 per hour);
• for 18-20 year olds, £5.13 per hour (previous rate £5.03 per hour);
• for 16-17 year olds, £3.79 per hour (previous rate £3.72 per hour);
• for apprentices, £2.73 per hour (previously £2.68 per hour).

Directors: its worth remembering that the NMW only applies to directors who have a contract of employment with the company.

Employees: regardless of whether they have a contract of employment or not, employees, including part timers, casual labourers, agency workers and those who work from home, must be paid at or above NMW rates.