Modifying and Updating the Share Scheme Deductions

The deductions delivered for share scheme contributions have ownership set to PS Delivered/Not Maintained. Share scheme deductions are not statutory deductions and therefore the rules associated with the deductions vary according to company policies.

You can use the delivered elements, or create your own deduction elements using the delivered elements as a template. During implementation, you need to consider how many deduction elements you want to use for share schemes. It is possible to create different deductions for each share scheme definition, or use the same deduction for multiple share schemes. If you use the same deduction for multiple schemes, the system uses the multiple resolutions feature to process the deduction. The decision to use multiple deductions or multiple resolutions has implications for setting up deduction recipients. This is explained in the Setting Up Deduction Recipients topic.