Posted by Gemma Ospedale, Partner
On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
New Wage Hike for Over 25s
Employers will be digging into their pockets again following today’s introduction of the National Living Wage for workers over 25, writes Employment Partner Gemma Ospedale. Some 1.3 million full and part time workers will benefit from the National Living Wage which is currently set at £7.20 per hour. Food and Fashion retailers and the hospitality sector will be the hardest hit. Some business leaders have condemned the compulsory increase in wages, claiming that it will lead to significant job cuts. The National Living Wage sits alongside the National Minimum Wage, and represents a top up for workers over 25. A new team of compliance officers in HMRC will investigate the most serious cases of employers not paying the National Minimum Wage and National Living Wage. The team will have the power to use all available sanctions, including penalties, prosecutions and naming and shaming the most exploitative employers. Penalties for non payment of the NLW and NMW are to be doubled.
The current wages rates are as follows:
Over 25 (NLW) – £7.20 per hour
21-24 – £6.70 per hour
18-20 – £5.30 per hour
16-17 – £3.87 per hour
Apprentices – £3.30
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