Maximum Employer Contribution to Premium Savings Scheme
Customizing Activity
OHANSP05
Maximum Employer Contribution to Premium Savings Scheme
Document
Document Class
SIMG
Hypertext: Object Class - Class to which a document belongs.
Document Name
OHANSP05
When implementing the premium savings scheme the employer can set a maximum for the premium that is paid on top of the savings amount. This can impose restrictions on the premium percentage defined in the previous IMG step.
Example
Suppose the employer pays 50% premium on top of the savings amount up to a maximum of NLG 1,114. As soon as the employee's annual savings amount exceeds NLG 2,228, no more premium will be paid.
Activities
Determine the maximum amount and enter the amount in this IMG step.