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June 16th 2022, Release Note: WFM UK | Payroll: Student & Post Graduate Loan refunds through Payroll, National Insurance Primary Threshold Changes

Fourth Customer Success Portal

June 16th 2022, Release Note: WFM UK | Payroll: Student & Post Graduate Loan refunds through Payroll, National Insurance Primary Threshold Changes
^ please use this link to view the full release note ^

What's Changing?

  • Student & Postgraduate Loan refunds through Payroll
    New option for student and postgraduate refunds to be made through the Payroll module
  • National Insurance Primary Threshold Changes
    Changes to NI thresholds used in the Employee National Insurance calculation

Release date: June 16th 2022

If you would like to know more about this release, please feel free to leave a comment below.

Best,
Paul
Fourth

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Saroj Virdee

Hello Paul, can you please let me know if Fourth calculations are automatically calculated at the new NI threshold rate that is effective from 6th July. Many thanks Saroj Virdee.

 

Fourth Customer Success Portal

Hi Saroj Virdee,

Yes that is correct. Worded slightly differently in the release note but you can take this as confirmation.
The threshold updates will happen automatically for all payments made to employees on or after 6th July 2022.

Hope this helps,

Best,
Paul
Fourth.

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