Back to: Home
About us
CIS Construction Industry Scheme
Expenses
A. Assets transferred
B. Payments made on behalf of employee
C. Vouchers and credit cards
D. Living accommodation
E. Mileage allowance
F-G. Cars and vans, and car and van fuel
H. Low interest loans
I. Private medical
J. Qualifying relocation
K. Services supplied
L. Assets placed at employee's disposal
M. Other items
N. Expense payments on behalf of employee
Benefits-in-kind. 1. How do I give to a person as one-time
Benefits-in-kind. 2. How do I give to a person as repeating
Benefits-in-kind. 3. How do I add as company arranged
Benefits-in-kind. 4. How do I add as employee arranged
Benefits-in-kind. 5. How do I deduct the co-pay
Expense claims. 1. How do I submit one
Expense claims. 2. How do I resubmit if it's declined
Expense claims. 3. How do I approve or decline
Expense claims. 4. How do I set it to be paid on a specific date
Expense claims. 5. How do I delete one
How do I understand added vs taken off, and post-tax vs pre-tax
Loans. How do I set up postgraduate loan repayments
Loans. How do I set up student loan repayments
Repeat payable. 1. When would I use a personal vs a pay batch
Repeat payable. 2. How do I delete or undelete
Repeat payable. 3. How do I set the start and end dates
Repeat payable. 4. How do I set the amount time frame
Repeat payable. 5. How do I set when it's added to a person's pay
Repeat payable. 6. How do I understand added vs taken off
Repeat payable. How's a Christmas bonus or other yearly repeat set
Repeat payable. How can I remind myself to come back and update it
Repeat payable. How do I add a description
Repeat payable. How do I add many people and auto-add new people
Repeat payable. How do I set a bank to pay it to, and payroll giving
Repeat payable. How do I set up a CCJ to be paid out every month
General
Handwritten
How's it free
HR Docs
Integrations
Leave
Legal
Offboarding
Onboarding
Org
Other
Pay batches
Payroll
People
Pricing
Projects
See all the videos
Time and Attendance
Time Off
TimeSpot
© 2020–2024 1st Money UK Holdings Ltd. All rights reserved.
 

Cookies help us run our services and make them more tasty. We've posted the full recipe on our Privacy Notice.

Whoa! Wait a minute ... how do I change my cookie settings?

Tap "Got it" if you're OK with cookies...

Got it
 

Repeat payable. How's a Christmas bonus or other yearly repeat set?

Yearly repeat payables & Christmas bonus2:32

"Repeat payable. How's a Christmas bonus or other yearly repeat set?"

Yearly repeat payables, or Christmas bonuses, are a payment that's automatically added to a person's pay once a year.

To set up a yearly repeat payable, or Christmas bonus:

  1. First, select the person who's getting the yearly repeat payable, or Christmas bonus, on: MenuPeople
  2. And then go to: PayPay settings
  3. And scroll down to the "Repeat payables ... personal" heading.
  4. Then tap: New repeat payable
  5. And select: Other ... added to pay
  6. Next, give the new repeat payable a name.
  7. And enter the yearly amount payable.
  8. And set the time frame to: "Per year"
  9. Keep in mind that the time frame setting doesn't set how often it's paid, rather it sets over what time frame the amount's calculated.
  10. And because it's a bonus, check it's set to: "pre-tax"
  11. Once you've set the amount, you're then free to decide how often it's to be added to their pay.
  12. Next, change it from "every payday" to: "Once a year"
  13. And don't forget to set the date for the Christmas bonus to be paid. For example, 10 days before Christmas.
  14. Now that the payment amount and frequency are set, tap See on paystub to see the paystub that it's paid with.
  15. And scroll to the top, to check that the "Payday due" date is before Christmas.
  16. Now, when you close it, you'll see a summary of the yearly repeat payable, or Christmas bonus.
  17. And finally, to see it on the paystub one last time, tap the "See on paystub" button:

Keep in mind that:

  • Because it's a repeat payable, the payment continues to be paid every year from now on, as long as the person's otherwise getting a paystub.
  • You can stop it anytime by deleting it.

To learn more:

And that's it! That's all you need to do to set up a repeat payable, or Christmas bonus, to be paid into a person's salary every year!

Updated: Sat, Feb 24, 2024.

© 2020–2024 1st Money UK Holdings Ltd. All rights reserved.
www.1st.money/help/Expenses/Repeat_payable._How's_a_Christmas_bonus_or_other_yearly_repeat_set