- Sign in to your Workmax admin account.
- Go to the “People” section.
- Select the Employee.
- Select the “Pay items” tab.
- Click on the “Add custom deduction” button.
- Enter deduction details.
-
- Name.
- Amount.
- Pay frequency amount.
- Start date.
- End date (Optional).
- Click the “Save” button.
Workmax will start making deductions on the next pay run. Custom deductions will run until the amount recorded is reached.
For example, if you set up. A “Cycle to work salary sacrifice” custom deduction of £2000, and the employee is paid £24,000 annually.
For a monthly pay frequency
Gross pay = 24,000 / 12 = 2000
Cycle to work salary sacrifice = 2000 / 12 = 166.67
Net pay (before statutory deduction) = 1833.33