skip to main content
Find Insight DIY on
* * *

UK DIY News

UK government introduces new national minimum wage rates

Calculator and figures left shutterstock_98730551 725 x 500

Today (Saturday 1 October), the government is introducing increases to the National Minimum Wage rates of pay. It is the minimum pay per hour all workers are entitled to by law, depending on their age and whether they are an apprentice.

The new rates of pay are £6.95 for those aged 21-24, £5.55 for 18-20 year olds and £4.00 for under 18s. For apprentices, the rate is £3.40 in their first year of employment and before their 19th birthday. If apprentices are aged 19+, second year pay should be in-line with the National Minimum Wage rates for their age group (£5.55 if they are aged 19 or 20 or £6.95 if they are 21-24). No matter how large or small your business, it’s your obligation as an employer to ensure that all staff earning National Minimum Wage are paid correctly at the new rates. It can be a criminal offence for employers not to pay workers correctly or to falsify payment records.

Failure to pay the correct rate will result in having to pay your workers back the money they are owed immediately. In addition, you may be subject to a financial penalty of up to £20,000 per worker and your firm could be named in public. Don’t get caught out – check the rates for your firm’s workers at www.gov.uk/national-minimum-wage

To assist you in being prepared for the October 1 change, a number of tools are available on the government’s National Minimum Wage website. Alongside this resource, employment organisation, Acas, has set up an online helpline and telephone helpline (0300 123 1100) to provide support in correcting any issues.

To check the National Minimum Wage rates, please visit www.gov.uk/national-minimum-wage-rates

Source : British Retail Consortium
www.brc.org.uk/brc_news_detail.asp?id=3018 

Interested in advertising on Insight DIY? Learn more here.

Want more news like this? Sign-up for our weekly newsletter here.

If your business is interested in pricing intelligence or you're currently trying to track retail prices manually, there really is a much easier way. Just contact us here.

01 October 2016

Related News

view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry