New Minimum Wage

The New minimum wage increase are in effect on the 1st October 2016. The minimum wage increases will affect any worker under 25.

LPC Chair David Norgrove said:

"Unemployment rates for 21-24 year olds are twice as high as those for 25-30 year olds and the ‘bite’ already the highest of any age group. However 21-24 year olds have seen falling unemployment rates and pay growth twice as fast as for workers aged 25 and above. Our recommended increase balanced these considerations, delivering a higher increase than last year in both cash and percentage terms. It means both the real and relative value of the minimum wage for 21-24 year olds is likely to reach its highest ever level."

Structure, level and increases in the minimum wage
Current level From April 2016 From October 2016 - April 2017 Increase
Adult rate (21+) NLW (25+) £7.20 £7.20 n/a
Adult Rate (21-24) £6.70 £6.95 3.7%
YDR (18-20) £5.30 £5.55 4.7%
16-17 Yr Old Rate £3.87 £4.00 3.4%
Apprentice Rate £3.30 £3.40  3%

More information on the Job Seekers website.

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