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GCSE Business · key term
The legal minimum hourly pay for eligible workers, with different rates applying to different age groups and apprentices.
Used by AQA and Edexcel
Paper 1, Paper 2
Revise: Impact of LegislationThe National Minimum Wage sets a legal minimum hourly rate for eligible workers. The National Living Wage is the higher statutory rate for eligible workers in the older age group. Applicable rates depend on factors such as age and apprenticeship status, and are updated regularly.
Specification 1.5.3 · Paper 1
The legally required minimum hourly pay for eligible workers, with different rates applying to different categories of worker.
Revise: Legislation and BusinessThe National Minimum Wage Act 1998 introduced a legal minimum hourly wage. The National Living Wage is a higher statutory minimum rate for eligible adult workers. Rates and eligibility can change, so a business must use the applicable legal rate when setting wages.
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