Living Wage is here
From today 1st April 2016 the National Living Wage of £7.20 per hour which applies to all who are 25 and older. Basically this an extra minimum wage category with, for reasons we still quite fathom, a different review date - currently national minimum wage revisions for apprentices and 16 - 24 year olds are carried out in October. But for 25+ it is 1st April. So two minimum wage dates for the diary. Ah well, keeps us on our toes.
Summary of all applicable NMW rates now in force:
- For workers age 25 and over: £7.20; and currently (but to be revised from 1st Oct):
- For workers aged 21 and over £6.70
- For workers aged 18 – 20, £5.30
- For 16 – 17 year olds, £3.87
- For apprentices, £3.30.
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