Financial & Legal News

National Minimum Wage rates for 2012-13 announced

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The Government has accepted the recommendations of the Low Pay Commission (LPC) for this year’s National Minimum Wage (NMW) rates. The following rates will apply from 1 October 2012:

  • The adult rate (those aged 21 and over) will increase by 11p to £6.19 per hour;
  • The rate for 18-20 year olds is frozen at £4.98 an hour;
  • The rate for 16-17 year olds will remain the same at £3.68 an hour; and
  • The apprentice rate, for apprentices under 19 or those aged 19 or over and in the first year of their apprenticeship, will increase by 5p to £2.65 an hour.

From 1 October 2012, the accommodation offset will rise from £4.73 per day to £4.82.

The Government has also accepted the LPC’s recommendation that in order to make operating the NMW as simple as possible for all users, a review of all existing guidance should be carried out and, where necessary, revised guidance put in place that is effective, clear and easily accessible.

 

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

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