The living wage is not a statutory wage but recommended by the Living Wage Foundation. It is possible as an employer to get accreditation from the Living Wage Foundation and they list various benefits from doing so.
The current National Living Wage is £7.85 per hour, and for London it is £9.15 per hour. It is calculated by the Centre for Research in Social Policy at Loughborough University. The statutory minimum wage for an employee aged 21 or over is currently £6.50 per hour.
The latest rates were calculated on the 3rd November and on the 26th November there were 1036 Living Wage Employers listed.
Auto-Enrolment Reminder – If your company staged in July you should have submitted your declaration of compliance by the end of November.