Share scheme payments
Description
Cause
Resolution
Set up share scheme payment
  1. On the menu bar, click Company/Payroll then click Payments.
  2. Click New, then set up the payment as follows:

    Title Enter a name for the share scheme payment.
    Type Click Shares.
    Tax If the payment is subject to tax, select this check box.
    Universal Social Charge If the payment is subject to universal social charge (USC), select this check box.
    Include in pension calculation Clear this check box.
    PRSI Click Apply Employee PRSI Only.
    Apply Pension Related Deduction If the payment is subject to pension related deduction (PRD), select this check box. This option is only available when you within your software.
    Multiply by the number of holiday periods If the payment is holidayable, select this check box. When you process an employee's time and pay, the value of a holidayable payment adjusts according to the number of holiday periods you enter.

    This option only applies to weekly and fortnightly paid employees.
    Employee's average hourly rate If the payment is included in the calculation of the average hourly rate, select this check box. This is applicable to hourly and unit payments only.
    Holiday Accrual calculation If the payment is included in the , select this check box. This option applies to hourly payments only.
    EHECS Type Click either Irregular Pay or Not Relevant. This option is only available if you within your software.
  3. Click Save, then click Close.
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