With effect from April 2016 it has been confirmed that all employees will be obliged to pay the new national living wage (NLW). Do you know who qualifies for it and what rate is it currently set at?
All working people aged 25 and over will be entitled to receive the NLW from their employers. The rate has initially been set at £7.20 per hour and by 2020 the Government wants the rate to reach at least £9.00 per hour.
Please be aware – paying the national living wage is mandatory, it’s not an option!
Reminder: On 1st October the four existing NMW rates will increase:
- Rate for workers aged 21 and over will increase from £6.50 to £6.70 per hour
- Rate for 18 – 20 year olds will rise from £5.13 to £5.30 per hour
- Rate for 16 – 17 year olds rises from £3.79 to £3.87 per hour
- Apprentice rate increases from £2.73 to £3.30 per hour