Centralised and Lower earnings limit: Difference between pages

Revision as of 10:42, 22 August 2013

(LEL).

Pensions and tax.

The level of income determined by the UK Treasury which allows employees to qualify for certain state benefits.

The primary threshold triggers payment of Class 1 National Insurance contributions.

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-Treasury organisation which retains control at the centre, contrasted with a decentralised approach.
+(LEL).
+''Pensions and tax.''
-As companies became larger, authority in treasury matters tends to become more centralised in the interests of financial efficiency and control.
+The level of income determined by the UK Treasury which allows employees to qualify for certain state benefits.
-However, greater centralisation, if badly handled, can result in local demotivation and poor alignment of treasury policy with local business needs. In particular, local cash management is sometimes considered to be better managed at subsidiary level.
+The primary threshold triggers payment of Class 1 National Insurance contributions.
-In the largest organisations, 'dynamic balance' often applies. This involves the sharing of responsibility between the centre and subsidiaries. Authority moves between centre and subsidiaries on the basis of a continuing dialogue about which party is best suited to make particular decisions.
 == See also ==
-*[[Decentralised]]
+* [[Earnings]]
-*[[In-house bank]]
+* [[Earnings cap]]
-*[[Profit centre]]
+* [[Upper earnings limit]]
-*[[Regional Treasury Centre]]