Understanding the National Insurance Contributions System Certification

Course Code:
Duration:
0.50 hours
Qualification:
Understanding the National Insurance Contributions System Certification
Exams Included:
Yes
Compatibility:
All major devices and browsers
Delivery method:
Online (In-house also available )
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Understanding the National Insurance Contributions System Certification
In the UK, all employees aged 16 and over must pay National Insurance contributions, as do employers and the self-employed. However, few people understand why we make these contributions and how they are calculated.

This course will provide you with an overview of the National Insurance Contributions System, how it works, and why the amount a person pays varies as a function of their employment status.

You Will Learn:
What National Insurance is, and its key purpose
The different classes of National Insurance contributions as they pertain to employees
Why employers make National Insurance contributions
Why an employee’s pension scheme affects the amount of National Insurance their employer pays
How to deduct National Insurance contributions from an employee’s wages
Benefits of Taking This Course:
If you are responsible for maintaining the payroll at work, this course will help you understand one of the most important deductions on any payslip
If you are an employee, you may find it useful to understand how the National Insurance system works
If you are self-employed, you will benefit from understanding how and why you may need to make two types of National Insurance contributions
If you are a manager, this course will help you explain to employees how the system works if they ask you for an explanation
By understanding how National Insurance contributions affect your entitlement to benefits in the future, you will be able to use the information in this course for the purposes of long-term financial planning

Course Modules/Lessons
Module 01: Introduction to National Insurance
Module 02: Why Do We Pay National Insurance?
Module 03: Different Types and Rates of National Insurance
Module 04: Employer’s National Insurance Contributions
Module 05: How to Deduct National Insurance From an Employee’s Wages