Crackdown on National Minimum Wage payments as rates rise again
The National Minimum Wage (NMW) will rise again in October 2013 when both the adult and apprenticeship rates will increase. The government accepted the Low Pay Commission’s (LPC’s) recommendations for increasing the adult and youth NMW rates. However, in respect of the apprentice rate, the government rejected the LPC’s suggestion that this should be frozen and has instead decided to increase it. The apprenticeship rate applies to apprentices under 19 or over 19 and in the first year of their apprenticeship.
From 1 October 2013:
- the adult rate (21 year olds and over) will increase by 12p to £6.31 an hour
- the rate for 18-20 year olds will increase by 5p to £5.03 an hour
- the rate for 16-17 year olds will increase by 4p to £3.72 an hour
- the apprenticeship rate will increase by 3p to £2.68 an hour
- the accommodation offset increases from the current £4.82 to £4.91…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
On 10 January 2015, new EU rules on jurisdiction and enforcement of judgments in civil and commercial matters came into effect as a result of the Brussels Regulation (recast).
The FCA’s new business plan reveals that financial crime is now one of its most important areas of focus.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…