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National Minimum Wage Details |
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Written by Ray Stewart
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Wednesday, 05 November 2008 09:36 |
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I am often asked what the new minimum wage rates are so I thought I would post them here for all to see. The National Minimum Wage rate for workers aged 22 and over increased from £5.52 per hour to £5.73 per hour from the 1st October 2008. For workers aged 18-21 the new rate is £4.77 per hour (from £4.60) and for workers aged 16-17 it is £3.53 per hour (from £3.40). There is a website that helps you understand how the rules work, how to calculate if an employee's page is in line with the regulations and what records employers must keep. It also explains how the NMW is enforced. You will find the website here. There is also a helpline:- 0845 6000 678 There are changes afoot promised in April 2009 which will create a clearer deterrent to non-compliance and help provide a fairer way of dealing with arrears of NMW. ~Ray |
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Do You Really Want A State Pension When You Retire? |
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Written by Ray Stewart
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Friday, 24 October 2008 10:35 |
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Watching breakfast tv this morning, my ears pricked when they heard a story about women “officially” now being able to top up their pensions if they have too many years contributions missing, by making payments of £400 per year for each year missed. These missing years usually occur when time is taken for having and bringing up a family. But they can also occur |
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Last Updated ( Friday, 24 October 2008 10:38 )
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Partnership Tax Returns - Do You Know This? |
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Written by Ray Stewart
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Thursday, 23 October 2008 23:18 |
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As the last week or so ticks by until the widely publicised HMRC filing deadline of the 31st October 2008 for paper Self Assessment Returns, it has just come to my notice that some people are not aware of the twists that the Tax Office have put on Partnership and Trust Tax Returns. For personal Tax Returns, the filing deadline for a paper form is the 31st October 2008, and the 31st January 2009 for an electronic version. |
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Last Updated ( Thursday, 23 October 2008 23:38 )
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Self Assessment Deadline Is Looming Again! |
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Written by Ray Stewart
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Saturday, 27 September 2008 15:26 |
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Yes, it's that time of year again. Isn't it worrying how quickly it comes around each time? I am sure it gets quicker each year! The 31st October 2008 is the deadline for sending in a paper Self Assessment Return (SAR) and if you want, HMRC will calculate your tax for you - more on that in a minute. |
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Last Updated ( Tuesday, 30 September 2008 15:37 )
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