SAP ABAP IMG Activity OHFBNPE05 (Define Annual Tax Free Boundary for Pension 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
IMG Activity
ID OHFBNPE05 Define Annual Tax Free Boundary for Pension Plan (FLEX)  
Transaction Code S_P2H_60000026   (empty) 
Created on 20031204    
Customizing Attributes OHFBNPE05   Define Annual Tax Free Boundary for Pension Plan (FLEX) 
Customizing Activity OHFBNPE05   Define Annual Tax Free Boundary for Pension Plan (FLEX) 
Document
Document Class SIMG   Hypertext: Object Class - Class to which a document belongs.
Document Name OHFBNPE05    

Define Annual Tax Free Boundary for Pension 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 Pension Plan type which possess a tax free threshold, above which plan payments become taxable. You must maintain theTax Free Boundary field for any pension 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 pension plan, you must have previously set the Tax Free Boundary indicator for the plan, in the IMG step Define Flexible Benefits Pension Plan Attributes (FLEX).

Activities

  1. Execute this IMG step and select your required benefits area when prompted.

    The table view Define Annual Tax Free Boundary for Pension Plan: Overview is displayed.

  2. Select the pension plan you wish to maintain and choose Details.
  3. In the field Tax Free Boundary , enter the value of the tax threshold above which plan payments become taxable.
  4. Repeat steps 2 and 3 for each pension plan subject to tax restrictions.
  5. Save your entries.

Example

For example, payments into a specific pension 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.

Business Attributes
ASAP Roadmap ID 203   Establish Master Data 
Mandatory / Optional 1   Mandatory activity 
Critical / Non-Critical 1   Critical 
Country-Dependency I   Valid for countries specified 
Customizing Attributes Country Key Country Name
OHFBNPE05 GB United Kingdom
Assigned Application Components
Documentation Object Class Documentation Object Name Current line number Application Component Application Component Name
SIMG OHFBNPE05 0 PLN0000014 Great Britain 
Maintenance Objects
Maintenance object type C   Customizing Object 
Assigned objects
Customizing Object Object Type Transaction Code Sub-object Do not Summarize Skip Subset Dialog Box Description for multiple selections
V_74_FBN08_E V - View SM30  
History
Last changed by/on SAP  20031204 
SAP Release Created in 200