Delivered Share Scheme Earnings

These earnings elements are delivered for share scheme refunds:

• SS ER SVE CR (share save contribution return).

  Use this earning for refunding payees' contributions and bonus amounts. This earning is not taxable because the contributions are post-tax deductions.

• SS ER SVE RB (share save residual balance).

  Use this earning for refunding any balance that remains after purchasing shares. This earning is not taxable because the contributions are post-tax deductions.

• SS ER BUY CR (share buy contribution return).

  Use this earning for refunding payees' contributions. This may occur when the employee leaves the scheme and deductions are continued after the stop date due to late notification. This earning is taxable because the contributions are pre-tax deductions.

• SS ER BUY RC (share buy residual cash).

  Use this earning for refunding any balance that remains after purchasing shares. This earning is taxable because the contributions are pre-tax deductions.

• SS ER BUY TX (share buy taxable sale).

  Use this earning to record share buy sales that are subject to tax.

• SS ER SVE NT (share buy non-taxable sale).

  Use this earning to record share buy sales that are non-taxable.

There is no automatic processing associated with these earnings. If you want to process refunds use positive input to specify the payee and amount.