2015 National Minimum Wage Rates
Research suggests nearly a third of small business owners do not know what the 2015 National Minimum Wage rate is or forget that it increases every October.
Adults aged 21 and over increases from £6.50 to £6.70 an hour.
18 to 20 year olds increase from £5.13 to £5.30 an hour.
16 to 17 year olds increase from £3.79 to £3.87 an hour.
The apprentice rate for increases from £2.73 to £3.30 an hour.
Companies failing to comply with the National Minimum Wage risk being fined up to £20,000 per worker if prosecuted.
In April 2016 the National Living Wage will come into force for all workers aged 25 and over which is set to begin at £7.20 an hour. It is predicted that around 6 million people will benefit from the 2016 introduction.
Further information on the 2015 National Minimum Wage Rates are available here from ACAS