Level 1 Award in Payroll 601/9039/5

Overview

Introduces payroll record keeping and processing, giving the candidate the necessary underpinning knowledge and skills to record and process payroll transactions in semi-manual and computerised environment

The qualification is made up of:

1 – Online Knowledge Test
3 – Online Assignment

Who is this qualification for?

The Level 1 Award in Payroll qualification is specifically aimed at learners who wish to gain an introduction to the study of payroll and gain a qualification at Level 1 of the regulated qualification framework, either from a point of no previous knowledge, or having worked in a payroll environment with no accredited payroll qualifications.

Learners who are considering a career as a self-employed practitioner will find the course invaluable as a starting platform, as will businesses owners who would like to be actively involved in the gathering and processing of payroll data and keeping of payroll records for their business.

What you’ll study

This qualification is made up of the following units:

Payroll Preparation – Y/508/5768

  • Understand legislation relevant to payroll and the role of the employer
  • Understand the information required to prepare and submit an employee payroll record under Real Time Information regulations
  • Understand what constitutes gross pay for different payroll periods
  • Understand the difference between statutory and voluntary deductions
  • Understand the principles of the PAYE & NIC systems in the UK
  • Understand the internal and external procedures required for finalising the payroll
  • Understand HMRC reporting requirements

Calculation of Gross Pay – D/508/5769

  • Be able to calculate basic pay for different payroll periods
  • Be able to calculate overtime payable from given information
  • Be able to implement permanent changes to rates of pay from given organisational information or statutory requirement
  • Be able to determine the gross pay due to a leaver

Payroll Processing – R/508/5770

  • Be able to determine the amount of income tax to be deducted from Gross Pay
  • Be able to determine the amount of National Insurance Contributions to be deducted from Gross Pay
  • Be able to apply voluntary deductions
  • Be able to complete internal and statutory procedures for a leaver
  • Be able to produce the necessary payroll forms
  • Be able to make payments to employees

Computerised Payroll – Y/508/5771

  • Be able to set up a computerised payroll system using commercially available payroll software
  • Be able to set up employee records and payroll data on a computerised payroll system
  • Be able to enter details of gross pay into the computerised payroll system
  • Be able to process the payroll
  • Be able to back up and/or restore payroll data

Learning Resources Available

Learning resources for this qualification can be found here

How much will it cost?

Student’s studying or wanting to study through a training provider, (classroom based or distance learning) should contact potential training providers to get an idea of the total cost for the qualification. As the majority of the training providers will include the IAB registration fees into their own fee.

For self-study students, (those studying without a training provider) The fee would be £105

This fee covers the following:

  • Registration onto the qualification
  • All IAB assessment fees (excluding re-sits)
  • Certification upon successful completion of all assessments
  • Free IAB student membership for 1 year (click here for a list of student benefits)

If you want to find out more about self study please click here

How is it assessed?

This qualification is made up of:

1 – Online Knowledge Test

Online Knowledge tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions. They are assessed via IABOnline and are open book. This might be taken in class or at home

3 – Online Assignments

Online Assignments are also assessed via IABOnline and are also open book. These are taken in class or at home and are short case study type questions with several tasks for each case study

Next steps after passing

Upon successful completion of this qualification you could move onto one of the following:

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