Fringe Benefit on Interest Free Staff Loans

Question

HI 
 How do I setup on Sage One Payroll an interest free loan on payroll so that a fringe benefit is raised each month on the interest free loan ? 
 I've raised the loan and the monthly deduction, but need to setup the fringe benefit side 
 Many thanks 
 Tracy

Shazi · Answer

Hey Hey treeves 
 Great question! 
 A Loan on Sage Business Cloud Payroll is only processed as a deduction as loans don't affect the PAYE of an employee. 
 However, I would suggest that please reach out to the support team for further clarification using this mail address: support@payroll.sageone.co.za 
 Sharon

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Fringe Benefit on Interest Free Staff Loans

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