What was National Minimum Wage 2016?
April
Previous rates
| 25 and over | 21 to 24 | |
|---|---|---|
| April 2018 to March 2019 | £7.83 | £7.38 |
| April 2017 to March 2018 | £7.50 | £7.05 |
| October 2016 to March 2017 | £7.20 | £6.95 |
| April 2016 to September 2016 | £7.20 | £6.70 |
What was the living wage in 2016?
Accredited Living Wage employers will pay their staff at least the new voluntary Living Wage rate of £8.25 per hour, rising from £7.85; significantly higher than the national minimum wage of £6.70 per hour, and the new minimum wage premium for over 25s of £7.20 per hour that will come into force across the UK in April …
Is NLW a legal requirement?
The National Minimum Wage is a legal requirement that sets the minimum hourly rate you are required by law to pay your employees. Almost all workers are entitled by law to be paid no less than the National Minimum Wage. If you employ staff, you’ll need to pay your workers at least the legal minimum.
What law introduced the NLW?
The National Minimum Wage Act 1998 creates a minimum wage across the United Kingdom. From 1 April 2021 this was £8.91 for people age 23 and over, £8.36 for 21- to 22-year-olds, £6.56 for 18- to 20-year-olds, £4.62 for people under 18 and £4.30 for apprentices.
Why was NLW introduced?
In July 1997, the Government set up the Low Pay Commission and the NMW bill was introduced to parliament. The NLW was described as an essential part of ensuring lower-wage worker could take a more significant share of the gains from growth to what the government described (in 2016) as the highest GDP growth in the G7.
Who does NLW apply?
Originally it was for workers aged 25 and over who were not in the first year of their apprenticeship. From 1 April 2021, it is for workers aged 23 and over, who are not in the first year of an apprenticeship. While the NLW operates as a higher level of NMW, the same rules apply to both.
What is the difference between the NMW and NLW?
The primary difference from the NMW is that this is applied to people who are aged 25 and over. The NLW is also mandated by law and companies can be taken to court if they are found to not be paying this. The NLW is set by the government and is an hourly rate that is amended each year.