Delivered Share Scheme Deductions

These deduction elements are delivered for share scheme contributions that you can use as a basis when creating your own elements:

• SS DD SVE AA (share save actual amount).

  Use this deduction for the actual amount deducted for the pay period. Depending on payees' level of net pay, the actual amount deducted may differ from the contribution defined on the Save page in the Assign Share Scheme GBR component.

• SS DD SVE NA (share save normal amount).

  Use this deduction for the full contribution for the pay period if you need to record and report the full contribution due as well as the actual amount deducted. This is optional. The amount is defined at payee level on the Save page.

• SS DD BUY AA (share buy actual amount).

  Use this deduction for the actual amount deducted for share buy contributions, where the contribution is based on a fixed amount. Depending on payees' net pay, the actual amount may differ from the contribution defined on the Buy page in the Assign Share Scheme GBR component.

• SS DD BUY NA (share buy normal amount).

  Use this deduction for the full contribution for the pay period if you need to record and report the full contribution due as well as the actual amount deducted. This is optional. This amount is defined at payee level on the Buy page.

• SS DD BUY AP (share buy actual percentage).

  Use this deduction for the actual percentage of earnings that is deducted for share buy contributions, where the contribution is based on a percentage. Depending on payees' net pay, the percentage actually deducted may differ from the contribution defined on the Buy page in the Assign Share Scheme GBR component.

The deductions that are used for share scheme deductions are specified on the Define Share Schemes GBR page. Your organization may use different deductions for each share scheme ID or use the same deduction for multiple share schemes.