Hello Christa@ARC

Thank you for the post.

Please refer to this link for steps on how to setup a pension fund which is actual percentage based.

https://za-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200521200034411

Also refer to the below guide to see why and when an RFI profile is used.

https://za-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200424122615858

Regards

Mbali

Hi Mbali,

I did everthing as per the attached links. but the calculation is not working out.

On a basic of R 38 555.34 @ 7.5% it give me an amount of R 216.87 instead of 2 891.65.

Thanks for the assistance

How did you setup the RFI profile? Provide screenshots.

After going through the guide for the RFI profile, was it necessary for your setup to have an RFI profile?

If it not necessary to have an RFI profile, you must delete the profile.

Also, is the basic salary the same amount on both the default and Income tabs?

Regards

Mbali

Hi Mbali,

Thanks I figured it out.  I used the 7.5% in the RFI setup instead of 100% of the basic salary.

My other issue is that I am doing opening balances as @ the end of october.  My paye do not work out correctly if I use the average tax, but do when I use the periodic tax.

Do I use periodic until the end of the year ?

Thanks

What do you mean by "Opening Balances as @ the end of October?" 

Are you referring to Year to Date amounts? If so, then the Year-to-Date amounts must be captured for all relevant transactions including the PAYE. This should ensure the correct calculation of PAYE.

Please confirm with your tax practitioner if you should use the Periodic tax method rather than Average as we do not advise on this change.

Regards

Mbali

What do you mean by "Opening Balances as @ the end of October?" 

Are you referring to Year to Date amounts? If so, then the Year-to-Date amounts must be captured for all relevant transactions including the PAYE. This should ensure the correct calculation of PAYE.

Please confirm with your tax practitioner if you should use the Periodic tax method rather than Average as we do not advise on this change.

Regards

Mbali

The previous accountants did the payroll up to October on a different system.

I added the balances of mar - oct  transactions in the YTD column in the default tab.

Must the YTD amount against code 8001 be the amount including medical tax credits and voluntary tax?

Enter the PAYE Year to Date excluding the tax credits.

Also capture the tax credits on their codes (8000 & 8002 together with their Year to Date amounts).

The additional voluntary tax must be allocated to code 8005. You will notice that once you add an amount on this code and save, it updates code 8001 anyway.