Minimum Wage Rises Again

    Jayne Turner
    25th April 2017
    Home » Categories » Business » Minimum Wage Rises Again

    Employers need to ensure they are paying their employees at least the appropriate National Minimum Wage (NMW) or National Living Wage (NLW) rate. The rates increase from 1 April 2017.


    The below table indicates the increases to the NMW or NLW:


    1 October  



    1 April


    NLW rate for workers aged 25 and over£7.20*£7.50
    the main rate for workers aged 21-24£6.95£7.05
    the 18-20 rate£5.55£5.60
    the 16-17 rate for workers above school leaving age but under 18£4.00£4.05
    the apprentice rate **£3.40£3.50

    * introduced and applies from 1 April 2016

    **for apprentices under 19 or 19 or over and in the first year of their apprenticeship

    Going forward the NMW and NLW rates will be reviewed annually in April.


    What are the penalties for non-compliance?

    The penalties imposed on employers that are in breach of the minimum wage legislation are 200% of arrears owed to workers. The maximum penalty is £20,000 per worker. The penalty is reduced by 50% if the unpaid wages and the penalty are paid within 14 days. HMRC also name and shame employers who are penalised.

    Internet link: GOV.UK NMW

    Need Some Advice?

    Looking for some help or a little advice?

    Call today on 01484 534431 or fill in our enquiry form below, and we’ll call you back.

    Simpson Wood’s 2024 Golf Day

    Simpson Wood’s Golf Day was a smashing success this year, held at the picturesque Woodsome Hall on Thursday, 28th June. The event saw 32 enthusiastic competitors, organised into teams of…

    General Election – Tax Summary

    The General Election is now under two weeks away, so we thought it would be timely to summarise the tax positions of the main parties. These are proposals taken from…

    Advisory fuel rates for company cars

    New company car advisory fuel rates have been published and took effect from 1 June 2024. The guidance states: ‘you can use the previous rates for up to one month from…