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Fri, 14 Jan 2022
Proposals to increase the rates of the Isle of Man Minimum Wage will go before Tynwald for consideration at the February sitting.
Treasury and the Department for Enterprise have proposed the new rates following consideration of the report and recommendations of the Minimum Wage Committee after a two year pay freeze, taking into account the UK’s increase in minimum wage rates and the continued pressure on the labour market for workers, as well as the clear direction from Tynwald in July 2021 that the Island’s minimum wage should transition to the level of the Isle of Man Living Wage within five years.
The proposed changes, if approved, will mean an increase of the headline minimum wage rate from £8.25 to £9.50 per hour, representing an increase of £1.25 per hour from 1st April 2022.
The rates for those aged 16-17 and for Development Workers will also be increased from £6.15 to £6.80 and £7.30 to £8.05 respectively.
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