National Minimum Wage Changes

There have been changes to all of the statutory minimum wage levels which could affect you and your employees.

As from October 1st the statutory minimum to be paid to a worker is as follows:

• Aged 16 - 17 £3.64 per hour
• Aged 18 - 20 £4.92 per hour
• Aged 21 and over £5.93 per hour

There is a new Apprentice minimum wage of £22.50 per hour. This new rate will apply to:

• Apprentices under 19
• Apprentices aged 19 and over, but in their first year apprenticeship.

If you need to discuss the implications of these changes to your business or employees call Lewis Smith & Co. on 01384 235549.

Lewis Smith & Co. - Accountants for Halesowen businesses