National Minimum Wage

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.

Date published 5 Dec 2012

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.