Annual Benefits

For further information on Benefit in Kind, click here

Processing Benefit in Kind on Annual Benefits (other than Medical Insurance & Accommodation) in BrightPay

To access this utility go to Employees, select the employee in question from the listing and click Benefits on the menu toolbar, followed by Annual Benefit.

1) Description - enter a description of the annual benefit being provided.

2) Value – enter the annual value of the benefit being provided, if the benefit is only for part of the tax year, the start and end dates will make the appropriate adjustment.

3) Start Date - enter the start date of the benefit provided.

4) End Date - enter the end date of the benefit provided if this ceases within the same tax year.

5) Employee contribution - enter any amount made good by the employee directly to the employer towards the cost of providing the benefit.

6) Click Save to save the Benefit In Kind entry.

The 'Notional Pay' will be added to the employee's gross income each pay period to ensure that the correct PAYE, Universal Social Charge and PRSI are charged.