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4.5million Britons will get a pay rise TODAY - are you one of them?

Economy:
4.5million Britons will get a pay rise TODAY - are you one of them?

DO NOT miss out when one in three Britons get a pay rise in some parts of the country thanks to the new national minimum wage. Here is everything you need to know about the new wage coming in on Friday.

Up to a third of workers are set to get a pay rise in national living wage hotspots across Britain, according to new research by the Resolution Foundation.

Workers in Torridge in Devon, Rossendale in Lancashire, Woking in Surrey and Castle Point in Essex are the most likely to benefit, the foundation found.

Employers across the country will be forced to pay the mandatory & pound; 720 wage to all their workers aged 25 and over in the UK from Friday April 12016.

Foundation director Torsten Bell said: "The national living wage is a hugely ambitious policy with the potential to transform Britain's low pay landscape. & Lrm;

"Up to a third of workers will get a pay rise in National Living Wage hotspots, ranging from Canvey Island to Eastern Lancashire.

" Britain's new legal wage floor will be felt throughout the country, but its impact will be bigger in some areas than others.

"Relatively few employees will benefit in high-paying parts of Britain such as the City of London and Camden, reminding us of the need to see more employers sign up to pay the higher voluntary living wage."

4.5million Britons will get a pay rise TODAY - are you one of them?

Who gets a pay rise?

About one in six employees across Britain will benefit from the new wage this year, with a total 4.5 million employees getting a pay rise.

Nearly two million people will immediately get a direct pay rise because they currently earn less than & pound; 720 an hour, according to the Resolution Foundation.

Another 2.5 million people are expected to benefit over the year as employers maintain the pay gap between the lowest paid staff and those on the next rung.

4.5million Britons will get a pay rise TODAY - are you one of them?

What should you get?

The new living wage is 50p higher than the current minimum wage of & pound; 670 and the government plans to increase it to & pound; 9 per an hour by 2020.

Only workers aged 25 and over will be eligible for the new national living wage from Friday April 12016.

Younger workers will not qualify for the new mandatory wage and will therefore remain on the current minimum wage rates.

The current minimum wage rates are & pound; 670 for 21s and over, & pound; 530 for 18 to 20-year-olds, & pound; 387 for under 18s and & pound; 330 for apprentices.

Self-employed workers also do not qualify for the new national living wage.

4.5million Britons will get a pay rise TODAY - are you one of them?

Which parts of the country will benefit most?

The top ten national living wage hotspots are Torridge, Rossendale, Woking, Castle Point, Oadby, Wigston, Forest Heath, Mansfield, West Somerset, Breckland and Rother.

The Resolution Foundation identified these ten areas because more than a third of workers there are due to get a pay rise.

Its research found that the new will have far less impact in London and parts of the South East. Just three per cent of employees in the City of London are set to benefit.

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01 April 2016, 14:00