General

The National Minimum Wage (NMW) rates are changing from 01 October 2009 meaning that many low paid workers will be receiving a pay rise. The new rates are as follows:

National Minimum Rate

New hourly rate £

Main rate for workers aged over 22
5.80

Rate for workers aged 18 – 21
4.83

Rate for workers aged 16 – 17 (and over [...]

Each year the HMRC allows taxpayers to invest in tax free savings called Individual Savings Accounts (ISA).
From 6 October 2009, the limit on the amount that individuals aged over 50 by 5 April 2010 can invest will increase by £3,000 to £10,200. This is a opportunity for the over 50’s to top up their savings in [...]