The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald
The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald. By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. They’ve been talked about for a long time – and now they are finally heading our way. The changes to the National Minimum Wage (NMW) are on the horizon for employers and employees. The National Minimum Wage (NMW) is a minimum amount per hour that most workers in the UK are entitled to be paid. NMW rates increases come into effect on 1 October 2015. From 1 October 2015: the adult rate will increase by 20 pence to £6.70 per hour the rate for 18 to 20 year olds will increase by 17 pence to £5.30 per hour the rate for 16 to 17 year olds will increase by 8 pence to £3.87 per hour the apprentice rate will increase by 57 pence to £3.30 per hour. Employers also need to be aware that from April 2016, the government will introduce a new mandatory National Living Wage (NLW) fo...