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THE RECRUITMENT & TRAINING EXPERTS

                         "Tomorrow’s Workforce Solutions"

Industrial

                       New NMW and NLW rates coming into force!

 

 

 

 

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As of April 2018, the National Minimum Wage and National Living Wage rates will increase.

 

The rate rise comes following recommendations from the Low Pay Commission, and are expected to come into force from the first pay period on or after 1 April 2018.

 

The National Living Wage – which applies to workers aged 25 and above – will go from £7.50 to £7.83 – a 4.4% increase.

 

The National Minimum Wage rates will increase as follows:

 

Age bracket           Current rate  April 2018 rate   Percentage increase  

21 to 24 year olds   £7.05           £7.38                 4.68%  

18 to 20 year olds   £5.60           £5.90                 5.36%  

16 to 17 year olds   £4.05           £4.20                 3.70%  

Apprentices*          £3.50           £3.70                 5.71%

*For apprentices who are either under 19 years old, or in their first year of an apprenticeship.

 

The Future

 

The government previously had a National Living Wage target of £9.00 an hour by 2020. This has now been modified to ‘60% of median earnings by 2020’. They say next April’s increase to £7.83 will keep them on track for this target.