• The amended Regulations add the National Living Wage (NLW) rate of £7.20 an hour for workers aged 25. In the July 2015 Budget, the government announced it would introduce the NLW at a premium of 50 pence above the NMW rate, to take effect from April 2016. A further amendment increases the financial penalty payable by employers who underpay the NMW from 100% to 200% of the underpayment due to each worker.

    The Regulatory Policy Committee has indicated that the introduction of the NLW will cost private-sector employers £1.1 billion. This total is made up of the direct cost to employers of £700 million from raising pay to meet the NLW and £137.5 million in non-wage labour costs such as pension and National Insurance Contributions. A further increase is planned to more than £9 an hour by 2020.

    This content is correct at time of publication

    Can we help?

    Take a look at our Regulatory Services page for useful information, resources, guidance, details of our team and how we may be able to help you

  • Get in touch

    Please fill out the below form or alternatively you can call us on 01622 690691

      By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. Please view our website and cookie policy for more information