New National Minimum Wage (NMW) and National Living Wage (NLW) rates are being introduced from 1st April 2017 following the decision to bring the annual increases together. Consequently, there will be no further increases for either until April 2018.
The new rates are as follows: –
Workers aged 25 and over (NLW) £7.50 an hour (30p increase)
Workers aged 21 -24 £7.05 an hour (10p increase)
Development rate for workers aged 18-20 £5.60 an hour (5p increase)
Young workers rate for workers aged 16-17 £4.05 an hour (5p increase)
Apprentices under 19, or over 19 who
are in the first year of apprenticeship £3.50 an hour (10p increase)
Unlike in previous years, the NMW rates will not increase on 1st October and have now been aligned with the NLW, annual increase on 1st April.