How do I setup the Automatic Bonus / Tax Spread component?

This feature is available on all PaySpace editions

An employee may choose to spread the tax on a guaranteed bonus over the tax year using the Automatic Bonus/Tax Spread component . This should ideally be processed in March and will result in the employee being taxed on a monthly portion of the bonus instead of paying all the tax in the bonus month.

Step 1: Create the Automatic Bonus / Tax Spread Note component on company level.

Navigate > Config > Payroll > Payroll Config > Payroll Components

Search the Catalogue


Specify the Details. Example below.

Step 2: To add the component on employee level, this can be done individually on the Recurring Payroll Components screen or collectively via the Bulk Actions screen. 

Option 1: The Recurring Payroll Components screen.

Navigate > Employee > Payroll Processing > Recurring Payroll Components > Notes

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Option 2: The Bulk Actions screen

Navigate > Bulk Actions

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