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