The National Minimum Wage (NMW) rates are reviewed each year by the Low Pay Commission and from 1 October 2011 they are as follows:
- the main rate for workers aged 21 and over is £6.08
- the rate for workers aged 18-20 is £4.98
- the rate for workers aged 16-17 (i.e. above school leaving age) but under 18 is £3.68
- the apprentice rate, for apprentices aged under 19 or 19 or over and in the first year of their apprenticeship is £2.60
If you would like any advice or assistance with setting up your payroll scheme, please feel free to contact your local TaxAssist Accountant.