How do I set up Pension Fund components?
This feature is available on all PaySpace editions
Once a Pension fund has been created, the corresponding employee deduction and company contribution components have to be set up on company level before linking the components to employees.
Step 1: Search for and create the employee deduction and company contribution Pension Fund components.
Navigate > Configuration > Payroll > Payroll Config > Payroll Components
Step 2: Add the components to the Deductions and Company Contributions payslip sections of the employee's Recurring Payroll Components screen.
Navigate > Employee > Payroll Processing > Recurring Payroll Components > Deductions
Navigate > Employee > Payroll Processing > Recurring Payroll Components > Company Contributions
The components will be displayed on the Employee's Edit Payslip screen accordingly.
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