Earlier this year the Government announced the introduction of a new wage threshold for employees over the age of 25 years.
The introduction of the National Living Wage will be compulsory with effect from April 2016.
From April 2016, the national Living Wage will be set at £7.20 per hour for employees aged 25 or older which is an increase of 50p per hour from the current hourly rate of £6.70. The National Minimum Wage rates apply for employees under the age of 25.
The Government is working towards raising the National Living Wage to a rate of £9.00 per hour by 2020.