The new rates of minimum wage will apply from 1 October 2009. These show a small increase from the 2008 rates, the increases having been proposed while the rate of inflation was considerably higher than now.
The new rates and rates of increase are :
- Full rate (age 22 and over) - new rate £5.80 per hour; old rate £5.73 per hour; increase 1.2%
- 18 - 21 rate - new rate £4.83 per hour; old rate £4.77 per hour; increase 1.25%
- Youth rate - new rate £3.57 per hour; old rate £3.53 per hour; increase 1.1%
Help on the minimum wage is available from the HMRC website which has a dedicated National Minimum Wage area.