Understanding Pension Schemes and NI

Half day workshop (Ref: RCP10w) :: Price - £207 + VAT

Delegates limited to 12

Workshop Aims

This workshop is designed for the benefit of those who wish to improve their knowledge of the relationship between pensions, Tax and National Insurance. It also takes a brief look at future changes which will impact on National Insurance calculations from 2009.

Who would benefit?

Those who have some or full responsibility for the payroll operation. Or who have a responsibility for pensions or HR within their organisations.

Course Content

Included in the programme are the following:

• Basic and State Second Pension pensions - introduction
  
• The different types of pension schemes explained:
  
  • Occupational Pensions
    
  • Stakeholder Pensions
    
• Personal Pensions
  
• How tax relief is obtained on the different types of pension schemes
  
• National Insurance implications of contracting-out including minimum payments and age-related rebates
  
• Appropriate Personal Pensions and age-related rebates
  
• Significance of "tax approval" and its effect on tax relief
  
• Earnings and remuneration for pensions and the earnings cap.
  
• Review of all certificates needed for contracting out and tax approval
  
• National Insurance changes being introduced in April 2009 including the Upper Accrual Point and its effect on the calculation of National Insurance
• The Government's longer term view on further changes.

At the end of the workshop, delegates will be:

• have a good understanding of the complex relationship between Pensions, Tax and NI
• Be able to deal with employees queries efficiently and
• Be assured that they will have the knowledge to run compliant payrolls

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