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An Introduction to UK Payroll (3) Presenter Ian Holloway Agenda Different payrolls Who to pay What to pay What is pay? The National Minimum Wage. Different Payrolls Different Employers Many UK sectors Positive

  1. An Introduction to UK Payroll (3) Presenter Ian Holloway

  2. Agenda • Different payrolls § Who to pay § What to pay • What is pay? • The National Minimum Wage.

  3. Different Payrolls

  4. Different Employers • Many UK sectors • Positive payrolls § Requires data entry • Negative payrolls § Recurring payments § Irregular payments / amendments.

  5. However…

  6. Different Pay

  7. Pay…………. • Gross pay • Taxable pay • NI’able pay • Other § Student Loans § Pension § Apprenticeship Levy -------------------- § Court Orders • Net pay.

  8. Gross Pay • The total pay for the pay period § Salary § Overtime § Allowances § Commission § Bonus § Statutory payments (SSP, SMP etc) § Expenses • A day’s pay.

  9. A Day’s Pay • Salary is usually paid § Annual salary / 12, or 52 • A day’s pay could be § Annual salary / 365 (calendar days) § Annual salary / 260 (working days) § Annual salary / 261 (working days in a Leap Year) § Or something else! • A day’s pay is an important calculation.

  10. April 2017 A Day’s Pay Su Mo Tu We Th Fr Sa 1 2 3 4 5 6 7 8 • Employee starts 10 April on £21,000 9 10 11 12 13 14 15 § Monthly salary is £1,750 per month 16 17 18 19 20 21 22 23 24 25 26 27 28 29 • April’s pay could be calculated 30 § £21,000 / 365 * 21 = £1,208.22 § £21,000 / 260 * 15 = £1,211.54 § £21,000 / 261 * 15 = £1,206.90 § Or something else! • Consistency of operation.

  11. Taxable Pay • Start with gross pay • Reduce by § Expenses § Pension contributions § Charitable giving in the payroll § Contribution towards a Share Incentive Plan § Any Optional Remuneration Arrangement • Add on § Payrolled benefits.

  12. NI’able Pay • Start with gross pay • Reduce by § Expenses § Contribution towards a Share Incentive Plan § Any Optional Remuneration Arrangement • Add on § Any Class 1 monies paid outside of payroll.

  13. Pay for Student Loan Deductions • As per NI’able pay • Reduced by § Plan 1 threshold or § Plan 2 threshold.

  14. Pay for Apprenticeship Levy • The total pay on which the employer is subject to NICs • NOT NI’able pay on which NICs are calculated § Not reduced by the value of the Secondary Threshold § From £1.

  15. Pensionable Pay • As governed by the contract of employment § May be basic pay only OR • As governed by Auto-Enrolment legislation § Uses different earnings • Minimum contribution requirement.

  16. Net Pay • Gross pay less § Tax § National Insurance § Pension § Student Loan § Any other deduction.

  17. Net Pay

  18. The National Minimum Wage

  19. National Minimum / Living Wage Pay reference periods starting on or after 01 April 2017:

  20. Next….. Income Tax

  21. Thank You Global Payroll Association @GlobalPayAssoc

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