National Minimum Wage increase!

[chris79]

I hope I'm correct in saying this, but for all those who do their own accounting and payroll don't forget that the NMW has just gone up this week!

Quote:-

What are the current rates of the national minimum wage?
There are three levels of minimum wage, and the rates from 1st October 2007 are:

£5.52 per hour for workers aged 22 years and older
A development rate of £4.60 per hour for workers aged 18-21 inclusive
£3.40 per hour for all workers under the age of 18, who are no longer of compulsory school age.

[exbrm]

Chris' promotion

I guess you've just had a rise to £4.60 then .......

[TheFaQQer]

My accountant sent me a letter about it, now I just need to change the salary standing order.

Thanks for the reminder.

[chris79]

I guess you've just had a rise to £4.60 then .......

As a director of my company I am excempt from NMW ;-) ... although it means my girlfriend gets a small payrise ^_^

[Hiram King Of Tyre]

My girlfriend would like a rise I'm sure......

[VectraMan]

I'm still on £9500, which I think is minimum wage from 2 years ago.

It's a wonder how I make ends meet.

[fzbucks]

As a director of my company I am excempt from NMW ;-) ... although it means my girlfriend gets a small payrise ^_^

I've just reduced my wife's hours

[MARTYN]

All employees must be paid the minimum wage, you should all ensure that your company is doing this.

Martyn.

http://candsfinance.co.uk/

[thunderlizard]

Thank you for your insight into this complex point of law Martyn.

[NotAllThere]

My girlfriend would like a rise I'm sure......

It's sure to be a small one then.