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Savings Schemes

Shinjinee Sarkar
  • Updated
Surf Payroll allows you to set up, update or remove custom savings schemes for employees. The schemes may be participatory or non-participatory. The default employee contributions may be customised later for each employee. To view the steps to manage savings schemes, click the links below.

To manage the savings scheme settings, you need to first move to the Settings page. However, after you log in to Surf Payroll, there can be either of the following scenarios:

  • The logged in account has a single Business
  • The logged in account has multiple Businesses

The steps to move to the Settings page are different in each of the above scenarios. The steps are provided below scenario-wise.

ClosedWhen the logged in account has a single Business

1. Log in to Surf Payroll.

2. The Dashboard page appears. On the left panel, click Settings.

 

ClosedWhen the logged in account has a multiple Businesses

1. Log in to Surf Payroll and find the required Business.

2. The Employees page appears. On the left panel, click Settings.

 

Setting up Savings Scheme

ClosedTo set up savings schemes, complete the following steps.

1. On the Settings page, under the PAYROLL heading, click Savings Schemes.

2. The Savings Schemes page appears. On the Savings Schemes page, click Add Savings.

3. The Savings Scheme Details window appears. On the Savings Scheme Details window, enter the following details, as applicable.

FIELD STEP
DESCRIPTION Brief description or a heading describing the savings scheme.
Multiply by Holiday Periods To have the savings scheme amount multiply with the number of holiday periods for all employees, tick this option.
Active This option is ticked by default. To display the savings scheme under the ADDITIONS/DEDUCTIONS tab of all the employee records, leave it ticked. After that, you tick the Payroll Applicable box to apply it to the payroll of one or more employees. Note that you are not allowed to reverse it after ticking the Payroll Applicable box.
DEFAULT EMPLOYEE CONTRIBUTION Default employee additional contribution to the savings scheme, indicated in Euros or percentage of salary.
DEFAULT EMPLOYER CONTRIBUTION Default Business additional contribution to the savings scheme, indicated in Euros or percentage of salary.

4. To save the savings scheme, click Save. The Savings Scheme record is created and available on the Savings Schemes page.

 

Updating Savings Scheme Record

ClosedWhen you update a savings scheme record, the same in the employee payroll is also updated. To update a savings scheme record, complete the following steps.

1. On the Settings page, under the PAYROLL heading, click Savings Schemes.

2. The Savings Schemes page appears. On the Savings Schemes page, under the Description heading, click the required savings scheme heading.

3. The Savings Scheme Details window appears. On the Savings Scheme Details window, update the details, as required.

4. To save the changes, click Save.

 

Removing Savings Scheme Record

ClosedYou can remove a savings scheme record if it is not already a part of payroll. To remove a savings scheme record, complete the following steps.

1. On the Settings page, under the PAYROLL heading, click Savings Schemes.

2. The Savings Schemes page appears. On the Savings Schemes page, click for the required corresponding record and from the inline menu, click Remove.

3. The Confirmation Message window appears. On the Confirmation Message window, click Delete. The savings scheme record is removed.

4. On the Information Message window, click OK.

 

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