National minimum wage

The national minimum wage (NMW) is set by government. The national minimum wage is the minimum hourly rate that employers must pay their employees in aged based categories and an apprentice rate. It doesn’t matter how small your business is, you still have to pay the national minimum wage.

Almost everyone that works in the UK is entitled to be paid the national minimum wage.

 
Exceptions include:
 
  • The self-employed
  • Children of compulsory school age
 

Every employee must be paid at least their national minimum wage rate on average for every hour worked in each pay period (weekly or monthly). 
 
However working out how much national minimum wage you're required to pay each employee involves four different types of work, and there are different rules for calculating the number of hours worked for each. More from the HMRC
 
The hourly rates below apply from 1 October 2013 we expect the national minimum wage to change again on 1 October 2014.

 
Type of worker
Rate 2013 - 2014
   
Aged 21 and above
£6.31
   
Aged 18 to 20 inclusive
£5.03
   
Aged under 18 (but above compulsory school leaving age)
£3.72
   
Apprentices aged under 19
£2.68
   
Apprentices aged 19 and over, but in the first year of their apprenticeship
£2.68
 



National minimum wage Pay templates






Posted: 20/03/2014 16:06:40 by Red Tape Doc Admin with 0 comments

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