National Living Wage Increase

National Living Wage Increase

National Living Wage Increase

The National Living Wage is going up on April 1 2017; if you’re aged over 25, not an apprentice and you’re on less than £7.50 per hour you’ll be getting a pay rise.

This means if you work full-time, doing a 38-hour week, you will be £500 better off over a year. The NLW began in 2016 under former Chancellor George Osborne as part of a plan to increase the minimum hourly rate to £9 per hour by 2020.
What’s the difference between the minimum wage and the living wage?

The minimum wage is the minimum pay per hour workers are entitled to by law. The rate will depend on a person’s age and the rates are reviewed by the government each year

The living wage is only applicable to workers 25 and over, it is the same as the minimum wage but is only geared to people within this age bracket.

What are the changes to the living wage and the minimum wage in April 2017?

The rates from 1 April 2017 will be:

  • £7.50 per hour – aged 25 and over
  • £7.05 per hour – aged 21-24
  • £5.60 per hour – aged 18-20
  • £4.05 per hour – aged 16-17
  • £3.50 for apprentices under 19. And those 19 and over who are in the first year of apprenticeship.

To find out more about the minimum wage, visit http://www.minimum-wage.co.uk/

To read more, click here

 

Owen Robinson
Owen Robinson

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