Rates table
A number of finance-related applications use values and rates that are common to each. These values are stored in a centralised rates table which keeps the following items:
- Earnings thresholds and limits for employers National Insurance contributions
- Employers contributions for National Insurance and superannuation
- Inflation
These rates are maintained by the Finance Office and are currently used in the following systems
- fEC
- BOFINS
- Salary Forecasting
- Internal payroll database.