UK 2015 Budget introduces the National Living Wage..
The new National Living Wage will apply to those aged 25 and over.
The existing National Minimum Wage will continue for those under the age of 25.
The National Living Wage will begin in April 2016 with workers receiving £7.20 an hour, and this will increase to a minimum of £9 an hour by 2020.
The current minimum wage for over 21s is £6.50 an hour (2014 Rate)
The planned increase of 50p an hour to the minimum wage in October 2015, will now effectively be 70p an hour but in April 2016 ?
UK National Minimum Wage Hourly rate for 2015:
£6.70 21 and over
£6.70 18 to 20
£3.87 Under 18
£3.30 Apprentice
https://www.gov.uk/national-minimum-wage-rates
UK National Minimum Wage / National Living Wage from October 2016
Hourly Minimum Rates
£7.20 25 and over
£6.95 21 to 24
£5.55 18 to 20
£4.00 Under 18
£3.40 Apprentice
UK National Minimum Wage / National Living Wage from April 2016
Hourly Minimum Rates
£7.20 25 and over
£6.70 21 to 24
£5.30 18 to 20
£3.87 Under 18
£3.30 Apprentice
UK National Minimum Wage / National Living Wage from October 2016
Hourly Minimum Rates
£7.20 25 and over
£6.95 21 to 24
£5.55 18 to 20
£4.00 Under 18
£3.40 Apprentice
UK National Minimum Wage / National Living Wage 2017
The UK Minimum Hourly Rates of pay from April 2017 are:
Hourly Minimum Rates
£7.50 for workers aged 25 and over (the National Living Wage)
£7.05 for 21-24 year olds
£5.60 for 18-20 year olds
£4.05 for 16-17 year olds
£3.50 for apprentices aged under 19 or in the first year of their apprenticeship.
UK National Minimum Wage / National Living Wage 2018
Hourly Minimum Rates
£7.83 for workers aged 25 and over (the National Living Wage)
£7.38 for 21-24 year olds
£5.90 for 18-20 year olds
£4.20 for 16-17 year olds
£3.70 for apprentices aged under 19 or in the first year of their apprenticeship.
133.1 - 866,278