It is difficult to keep up with all the changes in legislation but our experienced payroll staff can take on the regular responsibility of payroll. The service covers all aspects, including the year-end returns, which can help you avoid filing penalties with the Inland Revenue.


National Minimum Wage

The National Minimum Wage was introduced on 1 April 1999. The current rates are shown in the table below.

Age group	Date	Rate per hour
16 and 17 years old	From 01/10/2009	£3.57
18 to 21 years old	From 01/10/2009	£4.83
	From 01/10/2008	£4.77
22 years and over	From 01/10/2009	£5.80
	From 01/10/2008	£5.73

Child Tax Credit

£ per year (unless stated)	2010/2011	2009/2010
Family element	545	545
Family element, baby addition	545	545
Child element	2,300	2,235
Disabled child element	2,715	2,670
Severely disabled child element	1,095	1,075

Income Thresholds and Withdrawal Rates

£ per year (unless stated)	2010/2011	2009/2010
First income threshold	6,420	6,420
First withdrawal rate (per cent)	39%	39%
Second income threshold	50,000	50,000
Second withdrawal rate (per cent)	6.67%	6.67%
First threshold for those entitled to Child Tax Credit only	16,190	16,040
Income disregard	25,000	25,000

Working Tax Credit

£ per year (unless stated)	2010/2011	2009/2010
Basic element	1,920	1,890
Couple and lone parent element	1,890	1,860
30 hour element	790	775
Disabled worker element	2,570	2,530
Severe disability element	1,095	1,075
50+ return to work payment (16-29 hours)	1,320	1,300
50+ return to work payment (30+ hours)	1,965	1,935

Childcare Element of the Working Tax Credit

£ per year (unless stated)	2010/2011	2009/2010
Maximum eligible cost for one child	175 per week	175 per week
Maximum eligible cost for two or more children	300 per week	300 per week
Per cent of eligible costs covered	80%	80%

Follow this link to view the Income tax Infomation..

Follow this link to view the National Insurance Infomation...

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