SAP ABAP IMG Activity OHFBNHP02 (Define Annual Tax Free Boundary for Health Plan (FLEX))
Hierarchy
☛EA-HRCGB (Software Component) Sub component EA-HRCGB of EA-HR ⤷PA-BN-FB-XX (Application Component) General Parts ⤷PAOC_BEN_FBN (Package) Flexible Benefits System
Define Annual Tax Free Boundary for Health Plan (FLEX)
Customizing Activity
OHFBNHP02
Define Annual Tax Free Boundary for Health Plan (FLEX)
Document
Document Class
SIMG
Hypertext: Object Class - Class to which a document belongs.
Document Name
OHFBNHP02
Define Annual Tax Free Boundary for Health Plan (FLEX)
Use
In Great Britain, payments into selected benefit plans are subject to tax.
You use this step to control benefit plans belonging to the Health Plan type which possess a tax free threshold, above which plan payments become taxable. You must maintain theTax Free Boundary field for any health plans where payments into it are subject to taxation restrictions.
Requirements
For the system to check for the existance of any tax threshold for a health plan, you must have previously set the Tax Free Boundary indicator for the plan, in the IMG step Define Flexible Benefits Health Plan Attributes (FLEX).
Activities
Execute this IMG step and select your required benefits area when prompted.
The table view Define Annual Tax Free Boundary for Health Plan: Overview is displayed.
Select the health plan you wish to maintain and choose Details.
In the field Tax Free Boundary , enter the value of the tax threshold above which plan payments become taxable.
Repeat steps 2 and 3 for each health plan subject to tax restrictions.
Save your entries.
Example
For example, payments into a specific health plan are tax free up to an annual threshold of GBP 500 . Any plan payments above this amount are subject to tax. Therefore, when you fill theTax Free Boundary field with the value GBP 500, all plan payments above this threshold value are treated as taxable by payroll.