Termination Pay

This window is used to setup Notice of Termination (NES) and Redundancy Pay tables.

Prerequisites

  • No prerequisites

Rules and Guidelines

  • NES standard tables are applied automatically.
  • Values are updated as part of the Tax Table changes at end of each financial year end.
  • Users have the ability to setup their own tables based on their requirements.
  • When an employee's Termination Date is within the current Period and the Allow/Deduct End Date is prior to or within the current period, the earlier of the two dates will be used.

Field Information

Enter a code that best describes the Termination Pay Code group.

Enter a description of the Pay Code group.

Select from the drop-down the reason for the termination.

Code Description
R Redundancy
T Notice of Termination

 

Nominate how many months make up 1 year.

The Allow/Deduct Code used to calculate the Termination/Redundancy value.

Allow/Deduct codes with a Classification of I or C can be used.

This field displays the tax free component attached to the A/D code selected, if there is.

The Allow/Deduct Code used to calculate the Redundancy taxable value.

  • Allow/Deduct codes with a Classification C can be used
  • With field can only be accessed if the initial Allow/Deduct code has a Classification of I

 

Enter the beginning and ending years of service.

Specify the unit for the corresponding From and To, Years of Service period.

Select from the drop-down the rate code used in the calculation of Redundancies and terminations.

Select the payment frequency based on the amount.

Select from the drop-down.

Code Description
F Fixed - Used for the amount to reflect the line it is currently on.
P Per Year - Used for amount to be paid per year.