NIC

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:29AM in AAT student discussion
Is anybody else having problems learning which rates are for what ie cosrs & comps employee & employer lel et & uel.

I just cannot get my head around them is there an easy way to remember them

Jackie

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:NIC

    Jackie

    I am a lecturer on AAT Payroll and it is really very easy. Remember you will be given all the rates of the different NI contributions in the examination and on the tables, it states the levels in £ of LEL, ET & UEL. You have to now be able to calculate the NI, not use tables.

    With regard to which NI table to use, I always advise my class to remember this table

    A B
    D E
    F G

    The first column are what I term "normal employees" and the second column are for "wives and widows" in the reduced scheme. Excuse the term but they are "begging" a pension from their husbands NI contributions!

    Across the rows are:
    First row no Occupational Pension (possibly a stakeholder or private pension)
    Second row COMSR scheme
    Third row COMPS scheme

    Note the last leter of COMSR & COMPS - R comes before S for sequence in the table

    Be also aware of the codes for retired employees and also those earning over UEL - again all given to you in the NI rate grids

    Good luck in the exams

    Paul
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:NIC

    Thanks for that I will have a look at it later

    Jackie

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