How do I add a retirement annuity deduction?
This feature is available on all PaySpace editions.
A retirement Annuity component has to be created on company level, before it can be added to an employee/s.
Navigate > Configuration > Payroll > Payroll Config > Payroll Components
Step 1: Search and add the Retirement Annuity deduction component and select "Save".
Step 2: Add the component to the employee's Edit Payslip or Recurring Payroll Components screen.
Navigate > Employee > Payroll Processing > Recurring Payroll Components
Related Articles
How do I add a personal retirement annuity to an employee's record?
This feature is available on all PaySpace editions. A Retirement Annuity premium paid in the employee's personal capacity can be recorded on their payslip. Step 1: Create the "Retirement Annuity Personal" component on company level. Navigate > ...Payroll Processing | Recurring Payroll Components
A Recurring component refers to a regularly appearing component in an employee's payroll that is a part of the employee's regular compensation package. These components are calculated and included in each pay period, and are an essential part of an ...Why is the Loan Deduction component not reflecting on the employees Edit Payslip screen after it was added on the Recurring Payroll Components screen?
This applies to all PaySpace editions. The Loan Deduction component may not reflect on the employee's Edit Payslip screen because the Loan's opening balance is R0.00. Navigate > Employee > Payroll Processing > Recurring Payroll Components To resolve ...How do I add an interest rate on an employee's loan deduction component?
This feature is available on all PaySpace editions. An interest rate can be inserted when adding the Loan Deduction component on the Recurring Payroll Component screen. Navigate > Employee > Payroll Processing > Recurring Payroll Components > ...How do I add a recurring component?
This feature is available on all PaySpace editions. A Recurring component refers to a regularly appearing component in an employee's payroll that is a part of the employee's regular compensation package. These components are calculated and included ...