The Real Living Wage

For Ludlow Trust Company, investing in our team was one of the key building blocks upon which the business was established in April 2021.

We are delighted that this has now been formally acknowledged as we become an accredited Living Wage Employer Become a Living Wage Employer | Living Wage Foundation.

Ensuring that our people and third party contracted staff are paid so that their job provides a wage that meets their everyday needs is key to our business model.  Part of our ambition to be the trust provider of choice for our client’s plans for both their family wealth and charitable objectives is to be the #1 provider for trustee and administration services to grant-making UK Charitable Foundations.  To do this we continue to attract, develop and retain a skilled motivated workforce through investing in our people and are delighted to share the important work of the Living Wage Foundation.

What is the real Living Wage?

It is an independent calculation of the hourly rate someone aged 18 and over in  the UK, needs to earn to meet their everyday needs. Employers who pay the Real Living Wage do so on a voluntary basis. The Real Living Wage is  not based on the government Minimum Wage which includes what businesses find affordable or the National Living Wage – these are both statutory requirements and include age thresholds.

As of November 2022 (hourly rates)

UK Living Wage                              £10.90

London Living Wage                     £11.95 (includes a London weighting for higher costs of living)

National Minimum Wage            £9.50

With the current economic climate in the UK, what better time for employers to consider paying the real Living wage to their workforce.

Speak to an expert

Arrange a no obligation consultation to discuss your specific requirements
Get in touch
Call us on 020 4534 2750
or email: [email protected]
Back to Insights