Hierarchy
⤷ PA-PA-GB (Application Component) Great Britain
⤷ PB08 (Package) HR master data: UK
Basic Data
Data Element | P08_FTMER |
Short Description | Employer flat rate of middle band |
Data Type
Category of Dictionary Type | D | Domain |
Type of Object Referenced | No Information | |
Domain / Name of Reference Type | BETRG | |
Data Type | CURR | Currency field, stored as DEC |
Length | 9 | |
Decimal Places | 2 | |
Output Length | 10 | |
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 | ER Fl.Rate |
Medium | 20 | MiddleBand Flat Rate |
Long | 30 | Employer Middle Band Flat Rate |
Heading | 10 | ER Fl.Rate |
Documentation
Definition
The flat-rate contribution which the employer will pay into the employee's pension scheme.
Supplementary Documentation - P08_FTMER 0001
Use
This is used when an employee in your company has opted for a flat-rate pension scheme.
Procedure
Enter the amount of the contribution which the employer will pay into the scheme.
Examples
Dependencies
Supplementary Documentation - P08_FTMER 0002
Use
This is used when an employee in your company has opted for a mixed-rate pension scheme and wishes the employer to make a flat-rate contribution from the lower band of the monthly gross salary.
Procedure
Enter the amount of the contribution which the employer will pay into the scheme.
Examples
The low band level has been defined as £500.
The lower band contribution has been defined as a £20.00 flat-rate contribution.
An employee earns a monthly gross salary of £450.00.
The employer's monthly contribution into the pension scheme would be £20.00
Dependencies
Supplementary Documentation - P08_FTMER 0003
Use
This is used when an employee in your company has opted for a mixed-rate pension scheme and wishes the employer to make a flat-rate contribution from the middle band of the monthly gross salary.
Procedure
Enter the amount of the contribution which the employer will pay into the scheme.
Dependencies
A figure must also be entered in one of the fields defining either a percentage or flat-rate contribution from the lower band of the monthly gross salary.
Examples
The low band level has been defined as £500.00.
The high band level has been defined as £750.00.
The lower band contribution has been defined as 5%.
The middle band contribution has been defined as a £20.00 flat-rate contribution.
An employee earns a monthly gross salary of £600.00.
The employer's monthly contribution into the pension scheme would be £45.00:
(500 x 0.05) + 20 = 45.00.
Supplementary Documentation - P08_FTMER 0004
Use
This is used when an employee in your company has opted for a mixed-rate pension scheme and wishes the employer to make a flat-rate contribution from the upper band of the monthly gross salary.
Procedure
Enter the amount of the contribution which the employer will pay into the scheme.
Dependencies
A figure must also be entered in either the percentage or flat-rate field defining the contributions from the lower and middle bands of the monthly gross salary.
Examples
The low band level has been defined as £500.
The high band level has been defined as £750.
The lower band contribution has been defined as 5%.
The middle band contribution has been defined as 10%.
The upper band contribution has been defined as a £20.00 flat rate contribution.
An employee earns a monthly gross salary of £1000.00.
The employer's monthly contribution into the pension scheme would be £70.00:
(500 x 0.05) + (250 x 0.1) + 20 = 70
History
Last changed by/on | SAP | 20031111 |
SAP Release Created in | 470 |