From April 2016, the Government's new National Living Wage (NLW) is now law and obligates employers to pay employees aged 25 and over at least £7.20 per hour.
The NLW will run alongside the National Minimum Wage rates (NMW) of £6.70 (21 - 24) £5.30 (18-21) and £3.87 (under 18).
Confusingly, the planned updates to the NMW will occur each October (as has been the case in the past) but the NLW updates will be each April.
The payroll industry awaits with interest to see whether a statutory London Living Wage will be introduced at some stage (currently voluntary at £9.15).
PSC is excited to announce the arrival of our new payslip viewing app - mSlip! Our online payslip portal, eSlip, is becoming an increasingly popular option amongst our client base so we have extended the experience by creating a mobile app.