View Unit : Theory of termination of employment

Unit

Unit Reference Number

F/601/8141

Qualification Framework

QCF

Title

Theory of termination of employment

Unit Level

Level 4

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

15.1 Accounting and Finance

Unit Grading Structure

Pass

Assessment Guidance

none

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand the process for termination of employment payments	1.1	Identify leavers from correctly authorised source documentation
		1.2	Explain how to amend leavers’ records to ensure that they will not continue to be paid
		1.3	Identify the correct termination payments to be made including • pay in lieu of notice • ex gratia payments • damages • restrictive covenants • statutory redundancy payments
		1.4	Describe how to calculate statutory redundancy payment
		1.5	Explain the terms of any contractual, non-statutory redundancy scheme
		1.6	Explain the impact of income tax and national insurance legislation on redundancy and other termination payments
		1.7	Identify the correct statutory reports required by the tax authority
2	Understand other processes for leavers	2.1	Identify sums to be recovered from a leaver in respect of loans, excessive holiday and other recoverable elements of pay.
		2.2	Identify and explain any reports which need to be made in respect of the termination, return of organisation equipment, company cars, keys and identity cards.
		2.3	Explain the method of calculating final gross pay.

Equivalent Units

There are no equivalences to display.