Benefits-in-kind. 2. How do I give to a person as repeating?

"Benefits-in-kind. 2. How do I give to a person as repeating?"

When your company pays for a benefit that a person uses outside of work, it's considered a "Benefit-in-kind". In some cases, you may want to set it up as a repeating "Benefit-in-kind", so it's added to the person's payslip every payday.

To add or remove a person's repeating "Benefit-in-kind":

1. First, select the person who's getting the repeating "Benefit-in-kind" on: MenuPeople
2. To make a new repeat payable, go to: PayPay settings
3. And scroll down to the "Repeat payables ... personal" heading.
4. Then tap: New repeat payable
5. Next, select: Benefit-in-kind
6. Next, type in a Description of the benefit-in-kind.
7. Select the time frame for the: Amount type
8. And then type in the: Amount
9. If there's a co-pay, or an amount that the person's agreed can be taken off their pay, enter that also in: Employee deducted co-pay
10. By default, "Arranged by" is already set to: "Company"
11. Then tap: Save
12. Then on the repeat payable list, hover your mouse over the repeat payable, and tap the "See on payslip" button:
13. You'll now see an amount showing under: "Benefits-in-kind ... company arranged"
14. And if you hover your mouse over the amount, you'll see a breakdown of the calculation.
15. Then if you tap the "Next payslip" circle, you'll see the same amounts repeated on every payday. Including: "Benefit-in-kind"
16. If you later decide you want to remove, or stop the repeating "Benefit-in-kind", tap its "Edit" button:
17. Then scroll down and tap the "Advanced" heading, and set the "Ends on" date.
18. And finally, once you tap Save, if the date you set ends the repeating "Benefit-in-kind" before the "pay period" starts, you'll see it disappear.

Also remember that:

• A "Benefit-in-kind" increases the person's tax, and doesn't increase the person's in-the-hand pay.
• However, the person still gains by receiving the non-cash benefit.

To learn more:

• About how to do a one-time "Benefit-in-kind", watch the video on: One-time benefit-in-kind

And that's it! That's all you need to do to set up a repeating "Benefit-in-kind" for a person!