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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 on 1st October 2012 to:

  • £6.19 – the main rate for workers aged 21 and over
  • £4.98 – 18-20 year old rate
  • £3.68 – the 16-17 year old rate for workers above school leaving age but under 18
  • £2.65 – the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship

As you can see, the only rates due to change are the main rate – which is up from £6.08 – and the apprentice rate – which is up from £2.65.u

Date published 5 Dec 2012

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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