Forthcoming changes to the National Minimum Wage and the new National Living Wage age band
This is a reminder for businesses to budget and plan for the forthcoming change to the National Living Wage banding. Currently, the National Living Wage (NLW) applies to workers who are aged 23 and over, but from 1 April 2024 this minimum age will be lowered, so that the NLW will apply to all workers […]
Interesting Statistics December 2020: National Living Wage, Real Living Wage, National Minimum Wage
National Living Wage and Real Living Wage Changes The Chancellor announced in his November financial statement, that there would be an increase to the National Living Wage and the National Minimum Wage which will come into force from 1 April 2021. The National Living Wage, which is part of the mandatory National Minimum Wage Scheme, […]
Real Living Wage boosted to £9.50 per hour
According to the Living Wage Foundation, over 250,000 people will see wages boosted by 20p to £9.50 if their employer has signed up to the ‘Real Living Wage‘, and employees should receive the new rate in May 2021. Not to be confused with the National Living Wage (NLW), the Real Living Wage is a recommendation of the Living Wage Foundation that ensure all workers earn a wage that covers […]
