The research found that:
- The estimated annual wage cost of paying the LW to all care home staff in 2014 is £830 million for the UK, increasing to almost £1 billion when National Insurance and pension contributions are factored in.
- Paying higher wages reduces the need for in-work benefits, conservatively estimated at £19 per week per household in 2014.
- The new National Living Wage announced in the Summer 2015 budget will affect at least 50% of care home workers. Including National Insurance and pension contributions, it would cost £387 million per year.