‘Actual dwelling wage’ will increase to £9.50 an hour – are you due a pay rise?
The real living wage is an hourly rate of pay calculated by the Living Wage Foundation charity based on what people need to live on. It’s paid voluntarily by almost 7,000 UK employers but is separate to the national living wage, which is a legal minimum rate set by the Government.
And the living wage rate is now increasing by 20p from £9.30 to £9.50/hour across the UK, and by 10p from £10.75 to £10.85/hour in London.
This means an employee earning the new real living wage will earn 78p/hour more than someone earning the Government’s current national living wage for the over-25s, while a worker in London would earn £2.13/hour more.
The new real living wage rates are effective from today, though employers who are already part of the scheme will have six months to bring in pay rises.