Tax & Accounting News

NMW Rates to Rise

02/10/2008

National Minimum Wage (NMW) rates are set to rise from 1 October 2008.  The increased rates will be as follows:

Adult rate (workers aged 22 and over) will increase to £5.73 (from £5.52)
Development rate for 18 - 21 year olds will increase to £4.77 (from £4.60)
Young people’s rate for 16 - 17 year olds will increase to £3.53 (from £3.40)

Internet links: NMW rates