Income Protection Policy and PHI Scheme Set-up
About
Employer-owned insurance policies, such as an Income Protection Policy or Personal Health Insurance Scheme, where the company contributes on behalf of their employees, should be set-up as a Payroll Fund. The Income Protection Policy or PHI Scheme needs to be configured before the component for the specific Income Protection Policy or PHI Scheme can be created. Once the component has been added, it can be linked on the Employee Recurring Component Screen.
Edition
This feature is available on all PaySpace editions.
Navigation Path
Navigate > Config > Payroll > Administer Payroll Funds > Income Protection / PHI Screen
Overview
An extract of the Income Protection / PHI Setup Screen.
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