TNP 3 & PMR 3

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This topic contains 4 replies, has 2 voices, and was last updated by  Martin West 3 days, 1 hour ago.

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  • Shakuntala Patel
    Participant

    Hi,

    I have a learner who is doing a standard with us, he recently changed the employer. The first employer had paid the 1st installment.

    Can you please let me know if the financial details are correct below to record on the ILR?

    The total Negotiated Price was £5000

    TNP 1 = £4000
    TNP 2 = £1000
    PMR 1 = £42 (1st installment paid by previous employer)
    PMR 2 = £100
    TNP 3 = £458

    Please let me know

     
    #286595

    Martin West
    Participant

    Hi,
    AFinType – AfinCode – AfinDate – AfinAmount – Notes
    TNP – 1 – Original Date – 4000 -Agreed training price
    TNP – 2 – Original Date – 1000 – Agreed assessment price
    PMR – 1 -Date Paid – 42 – (1st instalment paid by previous employer)
    PMR – 2 is this for an Assessment payment you have received?
    TNP – 3 – Change Date – 458 – Agreed residual training price (looks low?)

    TNP 3 should be the training costs for the second employer

     
    #286674

    Shakuntala Patel
    Participant

    Thanks Martin

    TNP 3 = we have received a copy of invoice for £458 and the description on the invoice says 10% employer contribution. This invoice is for the new employer.

    So do I need to deduct £458 from £4000 = TNP 3 = £3542?

    PMR 2, the assessment payment is still not paid. Only a portion (£42 training payment) of the 10% is paid by the previous employer.

    Not sure how to record the actual prices

     
    #286718

    Shakuntala Patel
    Participant

    Hi,

    Can anyone help me here please, I’m not sure how to record this on PICS.

    TNP 3 = we have received a copy of invoice for £458 and the description on the invoice says 10% employer contribution. This invoice is for the new employer.

    So do I need to deduct £458 from £4000 = TNP 3 = £3542?

    PMR 2, the assessment payment is still not paid.
    PMR 1 – Only a portion (£42 training payment) of the 10% is paid by the previous employer.

    I HAVE RECORDED AS:

    TNP 1 = 4000 (EXPECTED BY NEW EMPLOYER)
    TNP 2 = 1000 (EXPECTED BY NEW EMPLOYER)
    PMR1 358 (EXPECTED BY NEW EMPLOYER)
    PMR2 = 100 (EXPECTED BY NEW EMPLOYER)
    PMR 1 = 42 (PAID BY PREVIOUS EMPLOYER)

    Please if anyone can let me know I would be very grateful as I cannot find the correct answer to this.

    Not sure how to record the actual prices

     
    #288645

    Martin West
    Participant

    Hi,
    If I apply some logic then the original 10% contribution would have been £500 then the first employer has used 500-458=42, total of 90% + 10% = 378 + 42 = 420, the residual cost for the new employer is 5000 – 420 = 4580 less the EPA costs = 3580

    If we do this in sequence, then:
    TNP 1 = £4000 (Original Training Price)
    TNP 2 = £1000 (Original EPA Cost)
    PMR 1 = £42 (10% Training payment received from Original Employer)
    TNP 3 = £3580 (Residual training price to be paid by New Employer)
    PMR 1 = £358 (10% Training Price paid be new employer)
    PMR 2= £100 (10% EPA costs paid by new employer)

    Assumes change of employer after month 1 of a 12 month programme.
    HTH

     
    #288715
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