Location: Northern Ireland
Rep.of Ireland
Location: Northern Ireland
Rep.of Ireland
Home / Articles / The Cost of the National Living Wage

The Cost of the National Living Wage

Posted in : Immigration and Employment Updates on 18 December 2015
Michael Black
Cleaver Fulton Rankin
Issues covered:

National Minimum Wage (NMW) workers aged 25 and over will, from April 2016, see an increase in their hourly earnings. The National Living Wage (NLW) will be introduced in April 2016, with a starting rate of £7.20. This will be the new legal wage floor for all workers aged 25 and over, with the current NMW becoming in effect the rate applying to 21-24 year olds. The rise from the current NMW of £6.70 to the NLW of £7.20 is a 7.5 per cent nominal increase, the largest since 2004. Thereafter, the NLW is expected to rise steadily, surpassing £9 by April 2020.

Chancellor George Osborne’s announcement regarding the NLW during the Summer Budget in July 2015 sounded like a blessing for the six

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This article is correct at 17/12/2015
Disclaimer:

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Michael Black
Cleaver Fulton Rankin

The main content of this article was provided by Michael Black. Contact telephone number is 028 9024 3141 or email m.black@cfrlaw.co.uk

View all articles by Michael Black