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Chartered Accountants & Business Advisors, 6 Sewardstone Road
Waltham Abbey, Essex, EN9 1NA
Tel: 01992 762875 Email: charingcompany@talk21.com


Charing & Company

  • Changes to the MNW

  • Changes to the MNW

    Dated: Wednesday, Sep 14th, 2005

    If you have not done so already, you should be advising any employees paid
    at the Minimum National Wage that their hourly rate will increase from the 1
    October 2005 as follows:

    The adult rate of the minimum wage (for workers aged 22 and over) should
    increase from its present hourly rate of ?4.85 to ?5.05.

    The development rate (for workers aged 18-21 inclusive, and workers aged 22
    and above in the first six months of new employment receiving accredited
    training) should increase from the present hourly rate of ?4.10 to ?4.25.

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