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News - 8 September 2014

National Minimum Wage rates from 1st October 2014


The National Minimum Wage is the minimum pay per hour almost all workers are entitled to by law. It doesn’t matter how small an employer is, they still have to pay the minimum wage.

The minimum wage rate depends on a worker’s age and if they’re an apprentice.

David Nelson of the Payroll Department of ABDS comments:
“Workers must be of school leaving age ( the last Friday in June of the school year they turn 16) or over to get the minimum wage. Contracts for payments below the minimum wage are not legally binding. The worker is still entitled to the minimum wage.”

It’s a criminal offence for employers not to pay someone the National Minimum Wage or to falsify payment records. Employers who discover they’ve paid a worker below the minimum wage must pay any arrears immediately.

David continues: “It’s the employer’s responsibility to keep records proving that they are paying the minimum wage - most employers use their payroll records as proof. All records have to be kept for 3 years.”

HM Revenue and Customs (HMRC) officers have the right to carry out checks at any time and ask to see payment records. They can also investigate employers, following a worker’s complaint to them. If HMRC finds that an employer hasn’t been paying the correct rates, any arrears have to be paid back immediately. There will also be a penalty and offenders might be named by the government.

The rates are

                                         Year 21 and over                      18 to 20                   Under 18             Apprentice*
2014 (from 1 October)         £6.50                                   £5.13                       £3.79                    £2.73
2013 (current rate)               £6.31                                   £5.03                       £3.72                    £2.68
2012                                       £6.19                                   £4.98                       £3.68                    £2.65
2011                                       £6.08                                   £4.98                       £3.68                    £2.60
2010                                       £5.93                                   £4.92                       £3.64                    £2.50

*This rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.

If you need any help and advice with your PAYE or general Bookkeeping, or looking to outsource your Accounting Department, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help in all your business matters.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

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