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Understanding the National Insurance Contributions System Certification

Online Courses Learning

Summary

Price
£150 inc VAT
Or £50.00/mo. for 3 months...
Study method
Online
Duration
1 hour · Self-paced
Qualification
No formal qualification
CPD
1 CPD hours / points
CPD What's this?
Certificates
  • Certificate of completion - Free
Additional info
  • Exam(s) / assessment(s) is included in price

Overview

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.

CPD

1 CPD hours / points
Accredited by The CPD Certification Service

Description

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

Questions and answers

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Certificates

Certificate of completion

Digital certificate - Included

Reviews

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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