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Timeline 2012

Aug 21, 2012
The topics for 2012.

A summary of what's to come for the remainder of the year.  Here at The Mover we’ve listed relevant news to the industry, and provided some information about them.  We hope you find it useful.

September

New Pension rules

New compulsory pension rules take effect for the largest companies.  Smaller companies will gradually be brought into the scheme between 2014 and 2017.

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October

New national minimum wage rates will take effect from 1 October:

  • The standard adult rate (workers aged 21 and over) will rise to £6.19 per hour;
  • The development rate (workers aged between 18 and 20) will remain at £4.98 per hour;
  • The young workers rate (workers aged under 18 but above the compulsory school age; who are not apprentices) will remain at £3.68 per hour;
  • The rate for apprentices will rise to £2.65 per hour;
  • The accommodation offset will rise to £4.82 per day (up 1.9% from £4.73).
Photo: new compulsory pension rules take effect for the largest companies in September.

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