The 'National Living Wage' is an extra age tier added to the National Minimum Wage that was introduced by the government for workers aged 25 or older from 1 April 2016. Although described by the government as a 'National Living Wage', it is simply an extra age tier.
The government’s National Living Wage rate for workers aged 25 and older as at 1 April 2017 is £7.50 an hour.
The statutory 'National Living Wage' must not be confused with the voluntary living wage rate set each year by the Living Wage Foundation and the Greater London mayor, which is based on an independent assessment of the amount people need to get by. You can find out more about this voluntary living wage rate from the website of the Living Wage Foundation.