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. It may be useful to contact your local tax officer.
What is London’s salary 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.
Do I have to pay London weighting?
“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.”
What is London weighting allowance 2020?
This report sets out the cost of the proposed London Weighting agreement for Operational Staff. The total cost of the proposed award in 2019/20 will be £9.8m and will be offset by the budgeted London weighting awards for 2017 to 2020 of £1.6m, and a provision of £6.2m raised in 2018/19.
What is London weighting allowance 2019?
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.
Do doctors get London weighting?
If you are a doctor who has been employed by a London NHS Trust, you will be entitled to London weighting. A recent study conducted by the Trust for London estimates that the cost of living and working is 20% more expensive than the rest of the UK.
How much is London weighting per hour?
There are two rates to recognise the higher costs of living in London. The London Living Wage rate is £10.85 per hour and the rate for the rest of the UK is £9.50 per hour (from 09/11/2020). The Living Wage rate applies to all employees 18 years and over.
Do all companies pay 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. … Since the abolition of the Pay Board, no organisation has been responsible for setting London weighting.
What should London weighting be?
London Weighting needs to be almost £7,700 per year in Inner London and just over £6,200 in Outer London to cover additional costs. An initial target should be a weighting reflecting the cost of living in Outer London, since it is the minimum that would allow someone to access a job anywhere in London.
What is the London living allowance?
The London Living Wage is an hourly rate of pay, currently set at £10.85. It is calculated independently to reflect the high cost of living in the capital, giving a worker in London and their family enough to afford the essentials and to save.
Why are salaries higher in London?
That is simple as it was identified a long time ago that costs in London were higher in many sectors, particularly housing, so in order to attract staff they had to be better remunerated in order to attract and keep staff.
Do you get paid more in London?
Pay in London is much higher than any other part of the country. It pays to be a Londoner – there are more jobs available in the capital than in any other part of the UK, and the average annual wage is much higher. In fact, Londoners earn over £10,000 more (on average) than people in most cities.
What is NHS band6?
Band 6 salaries and roles
Band 6 Nursing roles typically include Senior Nurses, Deputy Ward Managers, Health Visitors and various specialist Nurses. Band 6 roles start at £31,365, and rise to £37,890 for Nurses with more than 7 years of experience.
How do I get London weighting allowance?
5 ways to get your London weighting right
- An equal playing field. There should be absolutely no differentiation between roles here. …
- London means London. …
- A flat rate over a percentage. …
- Make it bulletproof. …
- Include gig-workers and freelancers.
How much is inner London allowance?
Local Government Association (LGA) publishes advisory rates for organisations that are not bound by NJC but often link pay to NJC rates. The latest advisory notice by the LGA gave Inner London Allowance at £3,473, Outer London Allowance at £1,848, Greater London £2,540, Inner Fridge £840 and Outer Fringe £585.
What will happen to NHS pay in 2021?
Staff on these points on 31 March 2021 will automatically move to the top pay step of their pay band on 1 April 2021. The move will be processed automatically by ESR and the move is not subject to pay progression arrangements. The pay step date will not be reset.