I am currently working on the Payroll mock. I have succesfully completed the online section and have now turned my attention to the computerised section. Having completed all of the paper and being relatively happy with it - there is one issue I am hoping someone can help me with!
The question paper states that pensions are at a certain percentage of Gross pay EXCLUDING statutory payments? I thought, firstly, that statutory payments such as Sick pay should be part of income for pension purposes?? But, not wanting to argue with the exam paper - can anyone tell me if there is a setting in Moneysoft that will allow this? If I untick the box to not include it on the pay slip (ie include it as Gross income) it then has an impact on my student loan repayment which is incorrect....