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Caution must be taken if the figures are provided to the employee. This is an estimation only. The tax values may change when the payment is actually paid out. The lumpsum payments are taxed based on the direct credit date
EasiPay responsibilities
EasiPay Consultants will can perform future termination calculations and send figures them to the client. This is a manual calculation and may be done in a test environment for estimate values.
Once client is happy with the calculation, calculations they will advise whether this will either be done in these calculation should be processedĀ in a manual pay run or be included in the main run.
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Sometimes predicted calculation will not match actual calculations eg tax may change. There maybe a charge for this service depending on the quantity required.