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June. 17 MFP

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › June. 17 MFP

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 6, 2018 at 8:48 am #440542
    falak
    Member
    • Topics: 7
    • Replies: 15
    • ☆

    Sir in part a .. political issue .. possible implications are to increase in labour cost of 5% .. due to requirements to match the deduction of employee .. why this has been increased by specific 5% ..

    March 6, 2018 at 9:15 am #440547
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10589
    • ☆☆☆☆☆

    See under paragraph in question called ‘Pension reform’. Employees will have to pay 5% into a fund and this will be matched by the employer.

    March 6, 2018 at 10:30 am #440568
    falak
    Member
    • Topics: 7
    • Replies: 15
    • ☆

    Sir this increase in labour cost is due to the matching requiremnt or due to the 5% gross pay in to the pension fund ..
    Please elaborate .. i m not getting it

    March 6, 2018 at 10:52 am #440573
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10589
    • ☆☆☆☆☆

    Employees pay 5% of their gross pay and the company has to match that, so company wage expense is up 5%.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘June. 17 MFP’ is closed to new replies.

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