Come and hear how you can introduce a Salary Sacrifice arrangements and manage the ongoing process while increasing your knowledge and understanding of additional elements that affect the calculation of a payslip.
It’s your chance to network with likeminded individuals, industry experts and earn your CPD points.
This blended learning course is divided into three parts:
- Part 1 – Online activities which include reading examples and knowledge tests, and consideration of current practices in the delegates’ own organisations.
- Part 2 – Classroom sessions that are trainer-led to review; Part 1 content and examine the full course content in detail with examples and exercises, including the use of digital tools where appropriate. There are opportunities for sharing experiences with other delegates and discussing the application of the content to the workplace.
- Part 3 – Online activities which include further reading, exercises and knowledge tests, and further enhance your learning.
Why you should attend
This half day course explains the legal and payroll related implications of salary sacrifice schemes and other optional remuneration arrangements.
Using examples, it examines what makes a successful salary sacrifice arrangement, covers the payroll processing and reporting implications, and highlights the potential impact on state benefits.
The course also explains the tax and NICs changes for benefits provided through optional remuneration arrangements, including exclusions and transitional arrangements.
The course is suitable for delegates that have the following suggested roles:
- Payroll coordinators
- Payroll supervisors
- Payroll managers
- Finance managers
- Reward managers
What you will learn
By the end of the course, you should have an understanding of the underpinning legislation relating to salary sacrifice schemes and other optional remuneration arrangements work.
They should also be able to correctly identify what would be included as a type A or type B arrangement.
Gain awareness of:
- What is an optional remuneration arrangement?
- What is salary sacrifice?
- Why use optional remuneration arrangements?
- The potential impact on state benefits
- Which benefits for which arrangements?
- Creating an effective salary sacrifice arrangement
- Implications for tax and NICs
- Legislation and case law
- Payroll implications
- Optional remuneration arrangements
- OpRA rule changes
- Benefits to OPrA
- issues to consider
- Legilsation and Salary Sacrifice case law
- When payment earnings occur
- Earnings case law
- Contractual implications
- Varying the contract of employment
- Pensionable eanrnings
- National Minimum Wage act
- Effective arrangements
- When salary sacrifice works
- When salary sacrifice doesn’t work
- The role of HMRC
- Payroll implications
- Starting and ending salary sacrifice arrangements
- Gross and Net pay
- The payslip
- Salary sacrifice and non cash options
- Childcare vouchers
- Cycle to work schemes
- Other vouchers
Prior learning required
So that you can get full benefit from the subjects in this course, we recommend that you have attended some of the following:
Introduction to income tax & NICs
A working knowledge of income tax & NICs is the central skillset that all payrollers must master. This course covers in-depth the rules for calculating both statutory deductions as well as the principles of processing starters and leavers correctly. Delegates leave the course with the ability to calculate gross to net pay manually.
Essential Additions to Payroll Basics
This course directly follows from this syllabus to cover a broad range of other subjects which all payroll administrators must competently grasp such as Student Loan Deductions, Court Orders, Auto-Enrolment, Real-Time Information, Year-End obligations and an introduction to Director’s NICs.
Introduction to Payroll
Designed for those new to payroll, this comprehensive course covers the core skills required to administer the payroll function. From calculating gross pay and deciphering the differences between taxable and NICable pay, the course covers in-depth the methodologies for manually calculating income tax, NICs and Student Loan Deductions as well as an overview of other core payroll principles, including auto-enrolment, court orders and remittance reconciliations.
Introduction to Statutory Payments
Covering in detail the core statutory payments as well as introducing Shared Parental Leave & Pay, completing this course will complete a payroll administrator’s essential skill set.
Continuing your learning
Payrolling Benefits & Legislation Update:
The option to process benefits-in-kind through the payroll is becoming increasingly popular with employers.
This one-day course serves as a useful ‘bolt-on’ to the Salary sacrifice and other Optional Remuneration Arrangements course, as it provides delegates with the opportunity to understand the mechanics of payrolling benefits, as well as providing further insight into the changes to salary sacrifice arrangements with the introduction of Optional Remuneration Arrangements (OpRAs).
You may also benefit from attending the P11D, Expenses & Benefits course, which provides delegates with the opportunity to gain an awareness of:
- Tax and NIC rules for expenses and benefits
- The deadlines associated with reporting expenses & benefits
- The implications of providing expenses & benefits for employees
- How to complete forms P11D & P11Db with confidence
- Calculating taxable benefit and the resultant Class 1A accurately