What percentage is London weighting?

What is the average London weighting?

Currently, London Weighting averages under £4,000 and varies significantly across employees and different industries, with more paid in Inner London than Outer London; and more in finance, manufacturing and public sectors than retail or the not-for-profit sectors.

What is London weighting allowance 2021?

Due to the expense of living in London, NHS staff that live in central London are entitled to 20% uplift their pay. This is called NHS London Weighting. Staff working just outside London are entitled to a 15% uplift and those that work in the fringe zone of London are entitled to a 5% uplift.

How much is London weighting per year?

According to Trust for London, a charity tackling poverty and inequality in the capital, London Weightings average £4,000 a year and is an allowance more commonly seen in finance, manufacturing and public sectors rather than retail or not-for-profit industries.

Is London weighting included in salary?

Your London weighting allowance is added to your basic wage that forms your gross salary package which attracts income tax and is subject to national insurance deductions at current rates.

How much extra is London weighting?

The results were telling. 55% of employers reported that they paid between 1% and 10% higher, 40% admitted to paying between 11% and 20% higher, while 4% are paying in excess of 20%.

How much is outer London weighting?

In research funded by the charity Trust for London, they showed that the London Weighting needs to be about £7,700 per year in Inner London and over £6,200 in Outer London to cover the additional minimum cost of living in the capital.

Who gets paid London weighting?

London weighting is an allowance paid to certain civil servants, teachers, airline employees, PhD students, police and security officers in and around London, the capital of the United Kingdom.

Do you get London weighting if you work from home?

“People who work principally from home do not need a salary with a London Weighting. If they continue to live in London, it will be for their own social, cultural or family reasons, not because they have to.” … In any case, the cutting of a previously agreed London Weighting agreement could be legally problematic.

What does inclusive of London weighting mean?

London weighting is an allowance paid to certain civil servants, teachers, airline employees, police and security officers in the capital of the United Kingdom, London. It is designed to help these workers with the cost of living in London, which is notoriously higher than that of the rest of the UK.

How much is London weighting per hour?

The London Living Wage rate is £10.85 per hour and the rate for the rest of the UK is £9.50 per hour. We have provided substantial funding for the campaign to increase the number of employers paying the Real Living Wage.

What’s the minimum wage in London?

The UK national minimum wage is reviewed annually and varies depending on the employee’s age. Currently, the wage for workers 25 or over is £7.83 per hour.
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UK minimum wage and living wage 2018–19.