Money

Money

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If money - or the lack of it - is stopping you from getting the best start in life, then this section is for you.

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With a few exceptions, all workers in the UK aged 16 or over are legally entitled to be paid a minimum amount per hour. This is regardless of the kind of work they do or the size and type of the company. The rate is reviewed every year.

National Minimum Wage rates from 1 October 2007

• Workers aged 22 and over - £5.52 per hour
• Workers aged 18-21 -         £4.60 per hour
• Workers aged 16-17 -         £3.40 per hour
• Accommodation offset -      £4.30 per day (£30.10 per week)

Apprentices under the age of 19 are not entitled to the National Minimum Wage. Apprentices who are 19 or over and in the first 12 months of their apprenticeship are not entitled to the National Minimum Wage.

New National Minimum Wage rates from 1 October 2008

• Workers aged 22 and over - £5.73 per hour
• Workers aged 18-21 -          £4.77 per hour
• Workers aged 16-17 -          £3.53 per hour
• Accommodation offset -       £4.46 per day (£31.22 per week)

The National Minimum Wage Helpline is 0845 6000 678

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If you’re a young person with learning difficulties, the Connexions Cambridgeshire 4US website has a good section all about money.

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Page updated: Friday, May 30, 2008 4:09 PM