How to Setup Voluntary Pension on SeamlessPayroll
Follow these quick steps to set up a voluntary pension as a relief on SeamlessPayroll and add to applicable employees
1. Log in to SeamlessPayroll
2. Click Payroll settings and scroll to Tax Relief types
3. Click tax relief type and
4. Click on “add new tax relief type”
5. Enter Voluntary Pension on the name column
6. Select pension on the deduction type column drop-down list.
7. Click save.
8. Click Auto Update
9. Select Tax Relief
10. Click on "add a tax relief" and search for the employee's name on the sidebar.
11. Select the relief type as voluntary pension.
12. Enter the start and end date
13. Select the basis of calculation
14. Enter the amount
15. Toggle on the “deduct from net” button if this voluntary pension is to be deducted from the employee’s monthly salary.
16. You can attach a file document if any and then click Save.