National Insurance Calculations
With the CAMSOFT Payroll, National Insurance is calculated using the more accurate exact percentage method as described in the Notes for Software Developers by HM Revenue & Customs.
All you need to do is ensure that you have noted the correct NI Table Letter for an employee. Then when you go to pay someone, the NI will automatically - and accurately - be worked out.
That NI is automatically deducted from a payslip telling you what to pay your employee. It will also be shown on a set of figures that let you know how much NI to hand over to HMRC every month. You will also be told how much is the employer contribution of NI.
You only need to enter the NI details for an employee once and then every pay day the NI will continue to be automtically processed. The CAMSOFT Payroll will also calculate NI for company directors.
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