Living Wage
(asked on 8th July 2015) - View Source
Question
To ask the Secretary of State for Business, Innovation and Skills, whether the Living Wage supplement announced in the Summer Budget 2015 will be taken into account when calculating (a) employer pension contributions and (b) overtime payments.
This question was answered on 16th July 2015
The National Living Wage is a compulsory increase in pay for all workers over 25. It will come into effect in April 2016 at £7.20, 70p above the current National Minimum Wage.
The introduction of the National Living Wage will not change the nature of the relationship between a worker’s wages and the calculation of employer contributions or of overtime payments.