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You’re absolutely right; there is typically a change to the National Minimum Wages (NMW) annually on 1st October.

The rates are due to change on 1st October 2013 to:

  • £6.31 – the main rate for workers aged 21 and over
  • £5.03 – 18-20 year old rate
  • £3.72 – the 16-17 year old rate for workers above school leaving age but under 18
  • £2.68 – the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship

Last year, only the over 21s and Apprentices saw an increase in the NMW. But this year, all of the rates have increased.

Date published 1 Sep 2013

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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