Money

Money

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If money is stopping you from getting the best start in life, this section is for you.

Find out about what money you can get whilst at school, college or university; what benefits there are if you're unemployed; what is National Insurance & tax; what's available if you're a student with a disability; how to get help with child care; and what to do if you get into debt.

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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.

The National minimum wage for young people aged 18-21 is £4.45. The rate for 16-17 year olds is £3.30 per hour.

From 1 October 2007 the National Minimum Wage will increase again as follows. Adult rate (workers aged 22 and over) will increase to £5.52.

Development rate for 18-21 year olds will increase to £4.60.

Development rate for 16-17 year olds will increase to £3.40

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.

The rate for the accomodation offset will increase to £30.10 per week (£4.30 per day).

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If you’re a young person with learning difficulties or difficulties the 4US website has widget publications to download and the Trans-active website goes through a transition interview with a Connexions PA.

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Page updated: Sunday, March 9, 2008 8:58 AM