Description
Downloadable Microsoft Excel file. Salary budgeting spreadsheet that calculates the annual salary costs, commission, bonuses, employer’s national insurance and pension contribution costs for up to 50 employees. Allows for one annual salary increase per employee at any month during the year. The spreadsheet includes a section to enter an annual figure for commission and bonuses per employee. This product is suitable for use in the United Kingdom only. With this product you can easily compute annual staff budget costs and connect the Excel spreadsheet with other sheets, integrating the figures into more extensive budget reports. The calculations within the file are based on an employer national insurance contribution of 13.8% and an employer NI threshold of £758 per month. These are the rates applicable for the tax year 2023/2024.
