How to administer TERS benefits received in Payroll

Good morning to all Slight smileSlight smile

How would one administer the TERS benefits received in payroll?

Since the benefit is neither income nor remuneration.

Many thanks

  • 0

    Good day, 

    Usually UIF payments are non-taxable, so please confirm with your tax practitioner if this will be handled in the same way.

     

    Depending on your tax practitioners advise:

    For taxable pay-outs you can copy definition Taxable Income and call it TERS Pay-out

    For non-taxable pay-outs you can copy definition Non-Taxable Income and call it TERS Pay-out


    To add this, click on:

    - Company

    - Global Payslip Definitions

    - In the top left hand corner there is a search bar, type in "....", it will show the line setup that you require.

    - Click on the copy icon to the far left of the line (the 2 papers)

    - the copied line will show right at the bottom. Rename it in all 3 description columns to whatever you would like and save when done.

    After the new line has been added, click on Payslip Definition Template tab.

    - Click on the + sign next to the applicable definition column and 'add' the new line that you just created.

    Before you save please ensure that you have ticked the company/cycle on the far right hand side of the screen under the title "Linked to cycle".

    Regards, 
    Luanne