NMW = 9.50/hr.
If I worked the same average daily hours as I do now (10, based on this week which is low average) I’d earn £95/day on NMW compared to £160.
Then we need to consider tax.
I earn £25k/year, a worker on NMW earns £14.5k approximately if they work the same hours I work per week on average (since they are paid for extra hours)
25k/yr is take home of £1616 monthly, including pensions, NI, student loans, tax etc. £14.5k is £1100 with the same payments.
I earn £516/month more in my current job than on NMW.
I get £0 in UC payments but on NMW I’d get £90/week towards my childcare costs. Which comes out at £390/month.
Id be £126 per month worse off on NMW. Plus I’d potentially get other benefits which I’ve not looked into.
I work 30h/week which is 130/month
Im about £1/hr better off than on NMW.