National Minimum Wage/Living Wage
Real Living Wage increases £9 in UK and £10.55 in London 6 November 2018
The Living Wage Foundation has announced its increases to the voluntary living wage.
The rate for London has increased by 35p an hour to £10.55 and the rate for the rest of the UK has increased by 25p to £9 an hour.
Not to be confused with the Government’s National Living Wage, which is due to increase to £8.21 for over 25s in April 2019.
Living Wage Week 2018 runs from 5 November and the movement's annual celebration aims to raise awareness that earning the real Living Wage can make to individuals. Events take place all over the country to celebrate the impact and success of the living wage and to encourage more people to join the fight against low pay.
The real living wage is the only rate that is independently calculated every year to meet the real cost of living. It is voluntary, unlike the national minimum and living wage rates which are statutory.
Find out more about Living Wage Week from the Living Wage Foundation.
Back to Contents
National Minimum Wage: consultation on salaried workers and salary sacrifice schemes 18 December 2018
The government has published a consultation which concerns the National Minimum Wage rules regarding salaried workers and the operation of salary sacrifice schemes.
People who perform salaried hours work are paid an annual salary in equal weekly or monthly instalments, for an annual number of hours. For example:
• Monthly paid workers who receive an annual salary for working 9am-5pm, Monday to Friday; • Term-time only workers who receive equal weekly/monthly payments but only work during term time; or • Annualised hours workers who receive equal weekly/monthly payments for working 2,000 hours a year. Legislation provides a set of rules over how compliance with the National Minimum Wage is calculated when regular salaries are paid. Certain conditions must be met in order for work to qualify as salaried hours work under the National Minimum Wage Regulations. This consultation seeks views on how effective these rules are in preventing worker exploitation. This consultation seeks views on proposed changes to the National Minimum Wage Regulations which relate specifically to salaried hours work, including Regulations 21 and 24. In particular, the Government would welcome your views on whether, and if so how, we might amend the Regulations to include additional payment cycles and fixing the definition of the calculation year for employers, without any detriment to workers. Salary sacrifice schemes are used in some workplaces whereby a worker agrees with an employer a lower rate of gross pay in exchange for goods or services (e.g. childcare vouchers, or bicycles). National Minimum Wage regulations include provisions designed to protect workers from unfair deductions from their wages. This consultation also seeks views on the practical operation of these provisions and their effect on workers on the minimum wage.
The National Minimum Wage: consultation on salaried workers and salary sacrifice schemes will run until Friday 1 March.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
Page 375 of 629
Made with FlippingBook - Online magazine maker