Benefits - Description

Benefits are items of value given to an employee in a non-monetary form.  The use of a house, vehicle, mobile telephone, and loan monies all have value to the employee but are not added in monetary form to the employee's payslip.  

The value of this benefit needs to be considered for tax purposes.  We, therefore, enter the value of the benefit onto the payslip.  This amount increases the PAYE amount and reduces the Net Paid.

For further information on how to set up benefit Transaction Codes see this link.

For further information on the different types of benefit for tax purpose see this link.