Minimum Wage Isle Of Man

The minimum wage should demonstrate that work pays and encourage individuals to play an active role in the development of our economy.

Minimum wage isle of man. The uk living wage is currently 9 30 per hour in the uk and 10 75 for london which would be equivalent to 18 328 in the uk and 21 186 in london per year. The minimum wage in the isle of man will be rising from 1st october 2019 to a single hourly rate of 8 25 per hour representing an increase of approximately 5. This compares against an individual on the minimum wage in the isle of man earning 16 259 per year based on the minimum wage of 8 25 per hour for individuals over the age of 18. Minimum wage on the isle of man for over 18 s is 8 25 or 16 259 per year marking a difference of.

The increase is expected to come into effect from 1 june 2017 a new minimum wage band in the isle of man for employees aged 25 and over has received the backing of tynwald. Ensuring that the minimum wage is set appropriately is a vital part of our ongoing aim to protect the isle of man s vulnerable population and ensures high standards of living. The hourly rate which is voluntary on the island had been unchanged since it was first set at 8 61 in 2017. For workers 25 and over the national living wage is 8 72 per hour for workers aged 21 24 8 20 per hour for workers aged between 18 20 6 45 per hour.

If adopted by an employer it would raise the annual salary of the earner to 20 083 per year. Isle of man graduate fair 2020 expressions of interest work permits minimum wage current minimum wage rates a worker s hourly rate of pay must not be less than the appropriate rate of the minimum wage which is subject. The minimum wage for those aged 18 or over will become 7 85 an hour representing an hourly increase of 35p for workers over 25 years 65p for workers aged 21 to 24 and 1 for workers aged 18 to 20.