Year 13 maths learners recently had the opportunity to dive into the practical world of finance, thanks to a masterclass led by Emma from Ramboll. The session focused on understanding the intricacies of taxation, National Insurance, and pay slips.

Ramboll, a global leader in engineering, design, and consultancy, was founded in Denmark in 1945. With over 18,000 employees worldwide, the company is a prominent player in various regions, including the Nordics, UK, North America, and Asia-Pacific.

During the masterclass, learners explored the components of a pay slip, including tax codes, employee details, and National Insurance numbers. Emma led an in-depth analysis of pay slip features, shedding light on workplace and government pensions, income tax, and the implications of different tax codes. The session was hands-on, with learners using Excel to calculate pay and deductions for various salary levels, enhancing their understanding of monthly income, pension contributions, and tax implications.

Lena, Mathematics teacher and Assistant Principal, shared her thoughts on the value of this masterclass: "The learners found this session invaluable. Understanding pay slips is crucial for their future, especially as some already have part-time jobs. They were particularly interested in pension schemes and the benefits of early contributions, as well as tax relief options like the marriage allowance. This masterclass provided our learners with essential life skills."