What does NLW mean in Unclassified?
This page is about the meanings of the acronym/abbreviation/shorthand NLW in the Miscellaneous field in general and in the Unclassified terminology in particular.
National Living Wage
Submitted by S4Bot on May 15, 2017
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Definition
What does NLW mean?
- National Living Wage
- The National Living Wage is an obligatory minimum wage payable to workers in the United Kingdom aged 25 and over which came into effect on 1 April 2016. As of April 2019 it is £8.21 per hour for those aged 25 and over, £7.70 for those aged 21–24, £6.15 for ages 18-20. Minimum wage for 16-17 is currently £4.35. It was implemented at a significantly higher rate than the preceding national minimum wage rate, and was expected (in 2015) to rise to at least £9 per hour by 2020. The consultation document issued by the Low Pay Commission in 2019 indicated that this target would not be met, instead proposing a figure of £8.67 per hour for the over 25 rate.
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"NLW." Abbreviations.com. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.abbreviations.com/term/1877478>.
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