New NMW rates apply from today, 1 October 2014:
- Adult rate £6.50 (previously £6.31)
- 18-20 year olds £5.13 (previously £5.03)
- 16-17 year olds £3.79 (previously £3.72)
- Apprentice rate £2.73 (previously £2.68)
For what it's worth, the current Living Wage rates are £8.80 in London and £7.65 outside London - so if you've people hovering on above the NMW threshold, maybe those rates could be an aspiration for you as an employer! Needless to say, if you've anyone on the old rates, make sure you remember to change their rate for their next payday.