Payroll Funds | Medical Aid Scheme Setup
Overview
A variety of Medical Aid Schemes are available to choose from on the Medical Aid Setup screen. You can select and configure the relevant scheme according to the company’s requirements. The Medical Aid Scheme needs to be configured before the components for the Medical Aid Scheme can be created. Once the component has been added, it can be linked on the employees' Recurring Payroll Components screen.
Edition
This feature is available on all PaySpace editions.
Navigation
Navigate > Config > Payroll > Administer Payroll Funds > Medical Aid Setup
Details
An extract of the Medical Aid Setup screen
Payroll Components
Once the Medical Aid Scheme has been setup, you will then need to create the Medical Aid Employee Deduction and the Medical Aid Employer Contribution components. The Medical Aid Scheme can then be linked to the employee on the Recurring Payroll Components screen on employee level.
Extract of the Payroll Component Catalogue
Important Comment
Tip
The Employee Dependents screen needs to be correctly updated to ensure the Medical Aid Scheme’s contribution is calculated correctly.
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