Introduction

This playbook provides a sample solution to administer salary sacrifice for employees who might want to use it partially, fully, or abstain from it.

Using this sample configuration, you can set up salary sacrifice for earnings such as Travel Pass and Cycle to Work.

• Set up fast formulas to generate unique reference.

• Create user-defined table and value set.

• Create the required salary sacrifice element using the earnings element template.

• Ensure that it contains an input value of Amount (or similar) and Unique Reference.

• The priority of the salary sacrifice earnings element should be such that it runs after all other earnings elements.

• Even though the element is an earnings element, it’s behavior is like a Loan element. You need to track the opening balance, partial recoveries (in case of insufficient earnings), recovery total earnings from a termination period and STOP rule when the total amount is paid off.

• Use the sample changes recommended to the template generated fast formulas while creating the element.

• It handles overlapping salary sacrifice elements in a given period.

• The Pay Value must be negative.

• This element doesn’t feed the Gross Pay balance. This element feeds these balances:

  • Gross Taxable Pay
  • Pay for Employee PRSI
  • Pay for Employer PRSI
  • USC Pay
  • Own primary balance, which is referenced by the corresponding earning element’s fast formula.