Termination Payments TRAINING COURSE / INTERMEDIATE PAYROLL
KEY INFO
Study level Intermediate payroll
Duration Half-day
Termination payments are a complicated area of payroll with numerous (and sometimes) interchangeable terms describing different kinds of payments that attract a variety of tax and National Insurance (NI) liabilities. The payroll department is usually called upon to navigate through this labyrinth. From detailing the variety of common payments which form part of a termination package, this course examines their correct tax / NI treatments and their correct application in a variety of circumstances, from redundancies to contractual breaches, to retirement and death in service.
Delivery method Virtual classroom
Career level Payroll administrators
CPD 3 points
Aimed at Aimed at payroll supervisors, and payroll or human resources managers. Also anyone responsible for the calculation of termination packages and / or requiring awareness of the tax rules applicable to these payments.
Course content ● Outlining the contractual implications of termination payments ● Outlining the tax and NIC treatment of termination payments ● Identifying the components of a termination payment ● Administer Post Employment Notice Payments ● Outlining correct practices for termination payments for death in service and retirement incidences
Entry requirements No formal requirements but it is recommended that you have a good grounding in basic payroll administration. We also have some recommended learning on our website. What next? Continue your learning with the Holiday Pay and Leave (page 41) course.
In-house delivery available Call 0121 712 1000 for details
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A subsidiary of the Chartered Inst ed Institute of itute of Payroll Professionals ofessionals
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