Good day Lizinda,

Thank you for the post.

The fund types you will get from the pension fund itself.

Please see below a guide on the different scenarios and choose the one that is most suitable for your company.

https://za-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200521193256525&page=1&position=1&q=Pension%20Fund%20setup

https://za-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200521200034411&page=1&position=2&q=Pension%20Fund%20setup

https://za-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200521195020217&page=1&position=3&q=Pension%20Fund%20setup

Kind regards

Christelle

Thank you Christelle

Hi Christelle,

Where will I be able to add the % of the basic salary that should be used for the Pension calculation, if the pension is % based on a % on the basic?

Good day Lizinda,

Thank you for the reply.

I will advise that you setup RFI Profiles.

Please see below a guide

https://za-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200424122615858&page=1&position=1&q=RFI

Kind regards

Christelle

Hi Christelle,

Thank you, I did try this.

No where does it give the option to say what % of the basic will be applied in the calculation to calculate the % amount for the pension fund.

For example:

Employee Basic =  R 10 000.00

Pensionable Salary will 75% of the basic: 75% x R 10 000.00 = R 7 500.00

Pension contribution % of 7%: 7% x R 7 500.00 = R 525.00

Hi Lizinda,

You will have to setup an RFI Profile to calculate the percentage of the basic salary:
https://za-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200424122615858&page=1&position=1&q=RFI%20Profile

Then use the actual percentage transactions to process the 7%.