NMWM09160 - Pay reference periods and elements of pay: dividends

Dividends are not included in the calculation of a worker바카라 사이트™s total remuneration (NMWM09050) and therefore, do not count towards National Minimum Wage pay (NMWM09040). This is because they are not payments made in the worker바카라 사이트™s capacity as a worker, rather they are payments linked to a shareholding.

Shareholders can also be workers or office holders (NMWM06240)

As with all payments it is important to consider the nature of the payment and verify whether a payment described as a dividend is actually a dividend. For example, some shareholdings may not qualify for a payment of dividends. Employers should be asked to explain the nature and provenance of any payments labelled 바카라 사이트śdividends바카라 사이트ť in order to consider how the payments should be considered for National Minimum Wage purposes.