National Living Wage Starts Today
Published / Last Updated on 31/03/2016
Living Wage Starts Today.
Yes, its April Fools day but also an important day for our finances
National Living Wage
A minimum rate of £7.20 per hour starts today for all those over the age of 25.
This is a 50p per hour rise from the National Minimum Wage of £6.70ph. For those who work 40 hours a week, that a £20 per week payrise and a £1,040 annual payrise (7.4%).
Buy to Let Stamp Duty
The additional 3% levy that applies to buy to let residential property purchased at £40,000+ starts today.
Check your payslips!