Statutory Pay Rate Increases – April 2017

Statutory Pay Rate Increases – April 2017 Changes to the National Minimum Wage (NMW) rates will take effect from 1 April 2017, bringing the date in line with the change to the National Living Wage (NLW). The NLW, which applies to workers aged 25 and older, will increase from the present £7.20 per hour to £7.50 per hour. Other changes occurring at the same time are as follows: The adult rate of the NMW, applicable to those aged 21 to 24, will increase from £6.95 to £7.05 per hour; The development rate of the NMW, payable to 18- to 20-year-olds, will increase from £5.55 to £5.60 per hour; The youth…