NMW – National Minimum Wage changes from 1st October 2013

If you have any employees who are paid at the minimum wage then please be aware that from 1st October 2013 the rates will change.

It is important that you make appropriate changes as it is a criminal offence to pay someone less than the National Minimum Wage.

The new rates are as follows:-

Age

From 1st Oct 2013

To 30th Sept 2013

21 and over

6.31

6.19

18 to 20

5.03

4.98

Under 18

3.72

3.68

Apprentice

2.68

2.65

If you find you have underpaid an employee you must pay them any arrears as soon as possible.You can use the National Minimum Wage calculator to help you.

Please be aware that if an employee is paid on a piece rate basis it is your responsibility to convert that to an hourly rate and ensure they are still paid highly enough. This particularly relates to outworkers. Also, if employees are salaried, they are also entitled to achieve at least the National Minimum Wage when converted to an hourly rate.

Payroll is one of the many services we offer here at DEB Chartered Accountants, so if you need any assistance please get in touch for a friendly and personal service.