September 2009

September 2009


National Minimum Wage Increase

From 1 October 2009  the national minimum wage increased again:

Aged 22 and over£5.80(£5.73)
Aged 18 to 21£4.83(£4.77)
Aged 16 to 17£3.57(£3.53)

The government is becoming concerned that large numbers of employers are not paying the relevant NMW.  Our payroll software automatically verifies compliance with NMW rates, so we are in a position to assist you with your payroll and NMW checks.

ISA Limits

From 6 October 2009 those aged 50 or older will be able to increase the level of investments in ISAs to £10,200 from the existing £7,200.  The cash investment levels rises from £3,600 to £5,100.  The increased limit will be available to all from 6 April 2010