The Isle of Man Tynwald (Parliament) is being asked to approve increases to the Isle of Man’s Minimum Wage at the February 2025 sitting which, if approved, will see the rate achieve parity with the current Living Wage of £13.05 during 2025.
The new rates, proposed by both the Department for Enterprise and Treasury, will see the Island’s single hourly rate initially increase from £11.45 to £12.25 per hour from 1st April 2025, with a further increase to £13.05 per hour from 1st October 2025.
The youth rate, for those over compulsory school leaving age but not yet 18, will increase from £8.75 to £9.55 from 1st April 2025, increasing up to £10.35 per hour from 1st October 2025.
The proposed two-part increase is to align the Island’s Minimum Wage rate with the current Isle of Man Living Wage by October 2025.
This move is in accordance with the current Tynwald policy position of achieving parity within five years, following the acceptance of a recommendation of the Tynwald Select Committee on Poverty in 2021.
The proposed phasing in of the proposed increases seeks to strike a balance between ensuring the Island remains an attractive place to live and work, prioritising fair wages whilst recognising the impact on some businesses in the economy and follows concerns expressed by the Minimum Wage Committee on a single increase in April 2025.
Proposals changed on 4th February 2025
Please note that the October 2025 proposals have been deferred.
PAYadvice.UK 21/1/2025 updated 19/2/2025
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