National Minimum wage increase from October

Bevan & Buckland logoNational Minimum wage increase from October

 The adult and the apprentice rate of the National Minimum wage are the only ones to increase from 1 October 2012 writes Bevan & Buckland’s Payroll Bureau Manager, Tina Davies.

The following are the applicable rates.

  • Adult rate (age 21 and older): £6.19 (£6.08)
  • Age 18-20: £4.98 (no change)
  • Age 16-17: £3.68 (no change)
  • Apprentice rate: £2.65 (£2.60)

If an employer provides an employee with living accommodation some of its value can count towards an employee’s minimum wage. This is known as the accommodation offset. From 1 October 2012 this accommodation offset increases to £4.82 (£4.73) per day.

Tina Davies
MCIPP(dip) Member Chartered Institute of Payroll Professionals 

Tina Davies is manager of Bevan & Buckland’s Payroll Department, which operates a payroll bureau service from the firm’s Swansea, Pembroke and Haverfordwest offices. Tel: 01792 410117

Bevan & Buckland Accountants Swansea Tel: 01792 410100

Bevan & Buckland Accountants Haverfordwest Tel: 01437 760666

Bevan & Buckland Accountants Pembroke Tel: 01646 682383

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