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New minimum wage rates

2014
12
MAR

The government has announced new minimum wages rates effective from 1st October 2014.  The 3% increase to £6.50 per hour for those aged over 21 is above the rate of inflation for the first time in six years.  Those aged 18-20 will receive an increase of 10p to £5.13 per hour, 16 and 17 years old will receive an additional 7p per hour giving them £3.79 and apprentices increase by 5p to £2.73.

See more details from the BBC News.

 

 

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