Hierarchy
SAP_HRCNL (Software Component) Sub component SAP_HRCNL of SAP_HR⤷
PA-PA-NL (Application Component) Netherlands⤷
PB05 (Package) HR Master Data: Netherlands
Basic Data
| Data Element | P05_NOTAX |
| Short Description | Life Course Savings Scheme: Non-Taxable Amount |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | P_AMT07V | |
| Data Type | CURR | Currency field, stored as DEC |
| Length | 13 | |
| Decimal Places | 2 | |
| Output Length | 18 | |
| Value Table |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | ||
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | NonTaxAm |
| Medium | 20 | Non-Taxable Amount |
| Long | 25 | Non-Taxable Amount |
| Heading | 35 | Non-Taxable Amount |
Documentation
Definition
In 2013 employees are allowed to withdraw their complete savings amount of the life course saving scheme, either as a one-time lump sum or in installments. Part of this withdrawal is, under certain circumstances, free of taxes in 2013. The 80% Life-course withdrawal bonus is part of the tax-free regulation.
In order to apply the 80% Life-course withdrawal bonus regulation, you have to enter in this field the non-taxable amount corresponding to the withdrawal.
This non-taxable amount depends on the employee's situation and is determined as follows:
Situation 1: Employee was not allowed to save anymore since January 1, 2012
In this case the employee's saving amount (including interest) was less than EUR 3000 on December 31, 2011.
The savings amount has to be withdrawn in one lump sum. Any interest accrued in 2013 is also non-taxable as it is not part of the savings amount on reference date January 1, 2013.
In this situation there are two possibilities to determine the non-taxable amount:
- The withdrawal amount is lower or equal to the amount saved on December 31, 2011 (including interest)
The non-taxable amount is 20% of the withdrawal amount. Any interest accrued in the period from January 1, 2013 up to the actual moment of withdrawal is non-taxable as well.
Formula :
Non-taxable amount = 20% * withdrawal amount + Accrued interest in 2013
- The withdrawal amount is higher than the amount saved on December 31, 2011 (including interest)
The non-taxable amount in this case is 20% of the amount saved on December 31, 2011 (including interest). The amount of the withdrawal exceeding the amount saved on December 31, 2011 (including interest) is taxed normally.
Any interest accrued in the period from January 1, 2013 up to the actual moment of withdrawal is non-taxable as well.
Formula :
Non-taxable amount = 20% * amount saved on 12-31-2011 (including interest) + Accrued interest in 2013
After the complete withdrawal, the employee is not allowed to save anymore.
Situation 2: Employee is still allowed to save
In this case the employee's saving amount (including interest) was equal or higher than EUR 3000 on December 31, 2011.
There are now three types of withdrawals for which the non-taxable amount has to be determined:
- Lump-sum withdrawal
The total saving amount is completely withdrawn as a one-time single withdrawal that brings the total savings amount down to zero.
In this situation there are two possibilities to determine the non-taxable amount:
- The withdrawal amount is lower or equal to the amount saved on December 31, 2011 (including interest)
- The non-taxable amount in this case is 20% of the withdrawal amount.
Formula :
Non-taxable amount = 20% * withdrawal amount
- The withdrawal amount is higher than the amount saved on December 31, 2011 (including interest)
- The non-taxable amount in this case is 20% of the amount saved on December 31, 2011 (including interest). The amount of the withdrawal exceeding the amount saved on December 31, 2011 (including interest) is taxed normally.
Formula :
Non-taxable amount = 20% * amount saved on 12-31-2011 (including interest)
After the complete withdrawal, the employee is not allowed to save anymore.
- Total withdrawal in installments
In case the total saving amount is withdrawn in installments in 2013, the non-taxable amount is determined as follows:
The non-taxable amount is only determined for the last withdrawal that reduces the total savings amount to zero. For all other parts the non-taxable amount is zero.
There are now two possibilities to determine the non-taxable amount :
- The last withdrawal amount is lower than the amount saved on December 31, 2011 (including interest)
- The non-taxable amount in this case is 20% of the last withdrawal amount.
Formula :
Non-taxable amount = 20% * last withdrawal amount
- The last withdrawal amount is higher or equal to the amount saved on December 31, 2011 (including interest)
- The non-taxable amount in this case is 20% of the amount saved on December 31, 2011 (including interest). The amount of the withdrawal exceeding the amount saved on December 31, 2011 (including interest) is taxed normally.
Formula :
Non-taxable amount = 20% * amount saved on 12-31-2011 (including interest)
After the complete withdrawal the employee is not allowed to save anymore.
- Partial withdrawal
If the employee does not withdraw the entire savings amount in 2013, any withdrawals are taxed at 100%.
The non-taxable amount is zero.
Formula:
Non-taxable amount = 0
The employee continues to participate in the life-course saving scheme and is allowed to continue to save and withdraw the corresponding amount.
Dependencies
You can enter this amount only in records of the Saving Schemes (0854) infotype that are valid in 2013 and only if you have selected the Withdrawal according to Life Course Saving Scheme 80% Bonus (5) value as a reason for the withdrawal.
If you have entered a saldo in the External Rights or Internal Rights fields that is valid until December 31,.2011, the system calculates 20% of this amount and enters it in this field. Please note that this is a proposed value. Further checks need to be done to determine which of the situations described above is applicable. In some situations, It may be even necessary to calculate the tax free 20% of the withdrawal manually.
After the Life-course withdrawal bonus regulation is applied, it is no longer allowed to save into the Life-course saving scheme. If you do so, the system displays a warning message.
Example
History
| Last changed by/on | SAP | 20130529 |
| SAP Release Created in |
