Create a Taxable Benefits Calculation Card for an Employee

You need to create a Taxable Benefits calculation card for each employee. For each benefit that you provide to the employee, create a benefit calculation component to link to the employment ID. Use the relevant calculation card component to enter the required details.

Each component corresponds to different component details with attributes depending on the information required to calculate the cash equivalent for that benefit.

Navigation: My Client Groups > Payroll > Calculation Cards

1. Search for and select the employee.
2. Use the Add option to create a calculation card.
3. Select the effective date, the name as Taxable Benefits and continue.
4. The Benefit Calculation Information component is automatically created with component details. In the Benefit Calculation Details, you can add this information:

   Field	Value
   Protected Pay	Enter the minimum guaranteed amount.
   Statutory Arrears Recovery Option	Specify how to recover the statutory arrears: Maximum amount possible: Recovers arrears to the maximum value without breaching protected pay or reducing the net pay to 0. Spread over remaining tax period: Even distribution of the arrears amount over the remaining periods until the end of the tax year, that is, 31 December. Spread over remaining periods to legislative deadline: Even distribution of the arrears amount over the remaining periods until the legislative deadline of the last day of February.

5. Create the calculation components for each benefit type with the parent component and subprocessing order. For more information, see the taxable benefits calculation component and component details.
   Note: You need to set up one Benefit Calculation parent component that’s linked to the employment ID the first time the employee receives the benefit .
6. Configure the calculation component details for each benefit and define associations, if required.
7. Save and submit your changes.