Sorry, I'm not a guru payroll administrator, but I would just like to clarify my thoughts
What is the correct way of dealing with the SAFT benefits to monthly employees through the payroll...? For instance, with April 2020 salaries:
i.) is the Basic Salary reduced with the total of SAFT Funds received by the employee until 30 April;
ii.) this total SAFT received included under Income code 5026 (in Pastel payroll) - non taxable income code (I presume);
iii.) this total SAFT received then deducted as an advance (8095), as it has been received already...?
I presume that this would be the same for the TERS benefit too...?
So if I understand correctly, that whatever the employer can pay to the employee additionally to what he/she receives from SAFT and/or TERS, is taxable, and included under for example 'Basic' salary code (5000) for the month...?
Thanks