The new minimum wage came into effect today, raising the pay for 21 year olds and over to £6.50. This increases the annual wage for a worker on a 40 hour week to £13,500.
There has also been an increase for Apprentices, Under 18’s and 18 to 20 year old. The table below shows the previous and new minimum wages for each group.
| Year | 21 and over | 18 to 20 | Under 18 | Apprentice* |
| 2014 (current rate) | £6.50 | £5.13 | £3.79 | £2.73 |
| 2013 | £6.31 | £5.03 | £3.72 | £2.68 |
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The Construction Industry Scheme (CIS) is applicable to businesses involved in construction, both contractors and subcontractors.
