Topical Issues
What is the National Minimum Wage?
The national minimum wage sets minimum hourly rates that employers must pay their workers. From October 2011, the rates have increased to:
- For adults aged over 21 years: £6.08 per hour
- For workers aged 18 to 20 inclusive: £4.98 per hour
- For workers aged under 18 (but above compulsory school age): £3.68 per hour
- For apprentices aged under 19: £2.60 per hour
HMRC are strictly enforcing the above rules and any underpayment will be backdated and penalties will be applied.
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Free Management Accounting Advice
How you can get free business advice from the experts!
The FAB team have turned around many businesses in the Northampton area, taking them from a loss-making situation to profitability. If you would like to know how this was achieved, or if you have any business problems you would like to put to the FAB team, e-mail us or phone and speak to one of our advisers.

