3. How do I add a benefit-in-kind as company arranged?

"How do I add a benefit-in-kind as company arranged?"

A company arranged benefit-in-kind is a way for the company to provide something beneficial to an employee beyond only money.

To add a company arranged benefit-in-kind:

1. First, select the person who's getting the company arranged benefit-in-kind, on: "Menu", then "People"
2. Next, go to: "Pay", then "Pay settings"
3. And scroll down to the "Repeat payables ... personal" heading.
4. Then tap: New repeat payable
5. Next, tap: Benefit-in-kind
6. Then type in how much the "Benefit-in-kind" is worth, and tap: Next
7. Then decide from the benefit-in-kind suggestions, or tap "type directly" (at the top) to type in your own short description.
8. Next, select the time frame for the: "Amount type"
9. By default, "Arranged by" is already set to: "Company"
10. Then scroll down and tap the "Advanced" heading.
11. If there's a co-pay, or an amount that the person's agreed can be deducted from their pay, enter that also in: "Employee deducted co-pay"
12. Then tap: Save
13. Now, to see how it shows up on the person's payslip, below the repeat payable, tap the "see on payslip" link.
14. You'll now see an amount showing under: "Benefits-in-kind ... company arranged"
15. There may have been a co-pay, or an amount that the person's agreed can be deducted from their pay. If so, you'll also see that amount showing as: "Employee deducted co-pay"
16. And finally, if you hover your mouse over the amounts, you'll see a breakdown of their calculations.

Keep in mind that:

• As a "Benefits-in-kind ... company arranged", the benefit is taxed by both "Income Tax" and: "National Insurance (Class 1A)"
• Which results in the person paying slightly higher taxes, compared to a: "Benefits-in-kind ... employee arranged"
• Also, because it's a benefit-in-kind, there's no change to the person's in-the-hand pay (besides the tax adjustment).

To learn more:

• About a "Benefits-in-kind ... employee arranged", watch the video on: Employee arranged benefit
• And to learn more about deleting or un-deleting a repeat payable, watch the video on: Deleting a repeat payable

And that's it! That's everything you need to know about adding a company arranged benefit-in-kind!