How do I set up a private Life Insurance monthly payment in correctly in the Payroll system?

My Irish Limited company will start to pay for a private life insurance premium paid to both owners/directors (one insurance covering both lives). This will have payroll tax implications I would expect. How is this best set-up in the payroll system?

Thanks, Richard

1 answer

Peter Connor Staff October 10, 2014

Hi Richard,
When you’re setting up anything like that you can use the “Additions”, or “Deductions”, function in the employee screen. 
Your accountant will advise you on what you can put into those boxes.
Hope that helps.


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