How do I process a pension payment?
This feature is available on all Deel Local Payroll powered by payspace payroll editionsCompany pension being paid to a retiring employee will be processed as a lump sum on the payroll.
Retired employees or beneficiaries must be added on the payroll with a separate payroll ID where lump sum information can be reported.
Navigate > Employee > Basic Information > Tax Profile > Lump Sums
The respective lump sum details may be completed as required.
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