National Minimum Wage (NMW) & New Mandatory National Living Wage (NLW) Updates
The National Minimum Wage rates changed in October 2015, please find below the new rates:
*This rate is for Apprentices aged under 19 or 19 and over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.
From April 2016, the government will introduce a new mandatory National Living Wage (NLW) for workers aged 25 and over, initially set at £7.20 with a rise of 50p relative to the current National Minimum Wage (NMW) rate. That’s a £910 per annum increase in earnings for a full-time worker on the current NMW.
Living Wage is a voluntary scheme that employers can sign up to and the rates are reviewed in the first week of November each year. The current rates which were announced in November 2015 are:
London Living Wage Rate: £9.40
UK Living Wage outside of London: £8.25
For those employers who are signed up to the Living Wage scheme, you have until 1st May 2016 to implement the new rates.