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National Minimum Wage 2013

The National Minimum Wage adult rate will increase by 12 pence an hour to £6.31 in the Autumn...

The 18-to-20 year old rate will rise by 5 pence an hour to £5.03

Apprentice rates for the National Minimum wage will increase by 3 pence to £2.68 an hour.

These latest minimum wage rates were announced by the government yesterday and recommended by the Low Pay Commission (LPC). The LPC did however recommend a wage freeze for apprentices and the government increased the rate.

Inflation currently stands at 2.8% (CPI) and 3.2% (RPI) but the increase in the minimum wage rates is below the rate of inflation at 1.9%

In full,

the following rates will come into effect on the 1st of October 2013:

  • Adult rate - £6.31 an hour (up 12p)
  • 18-20 year olds rate - £5.03 an hour (up 5p)
  • 16-17 year olds rate - £3.72 an hour (up 4p)
  • Apprentice rate - £2.68 an hour (up 3p)
  • Accommodation offset - £4.91 (increased by 9p)
 

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