New in Profit 20

Flex

 

Shortening of the pension waiting period

With the new collective labour agreement, the waiting period for pensions will be shortened as from 3 January 2022. Instead of after 26 weeks, employees start in the Basic pension after 8 weeks.

During the Annual wage BT (special rate) process, Profit converts the employees for whom the Pension weeks field has been filled with 8 to 26 pension weeks to the Basic Pension. The starting date of the basic scheme will be 03-01-2022. In addition, Profit will fill in the number of weeks that the employee falls in the basic scheme or plus scheme. Finally, it has been adjusted that an employee only falls within the basic scheme if he or she is 21 years of age or older.

 

Shortening the duration of phases

It has also been agreed in the CLA to reduce the maximum duration of Phase A/1-2 from 78 weeks to 52 weeks. For Phase B/3, the maximum duration is being reduced from 4 to 3 years. 

For the current employees in these phases, a transitional arrangement applies in 2022, which runs until 2 January 2023. The employer may decide whether to keep to the old term or the new short term.

The transitional arrangement does not apply to new employees who take up employment from 3 January 2022. This group of employees will be directly affected by the shortened phases.

From 3 January 2022 to 2 January 2023, employees may therefore fall under different schemes. Therefore, for clarification purposes, the field Transitional scheme 2022 is available on the Phase count tab for the employee. As from Profit 20, this field will get the value Still to be determined by annual wage BT (special rate). In the annual wage BT (special rate) process, Profit sets this field to the correct value with regard to the transitional scheme.

The supplied alerts for phase transition have been changed for these changes.

 

The StiPP pension premium calculation will change

The moment for calculating the pension premium for StiPP in Profit will be changed as of 3 January 2022. The employer must then calculate the pension premium for each calendar year over the payment/deduction from the reserves. In Profit, the old method of 'calculating the pension premium over the reserves themselves' has always formed the basis. This pension premium has therefore already been paid in 2021 for the outstanding reserves. That part must be deducted from the part that must be paid later. For this purpose, Profit now has two new reserve types regarding which Profit keeps track of the balance of what has already been paid:

 

  • Exempt StiPP - holiday pay (93)
  • Exempt StiPP - reserves in hours (94)

 

During the waiting period for the pension, the employee builds up reserves for holiday hours/pay, but these may not be included in the pension calculation for StiPP. These reserves will also be included in the new reserve types.

As a result of the above changes, the basis for the premium calculation will also change. The new concept of pensionable income used by StiPP is made up of the following components.

The pension basis is the employee insurance salary (social insurance wage) but with the following exceptions:

  1. Pension premium of the employee (only the plus premium as the basic premium does not have an employee share).
  2. The wage that has been exchanged for free allowances and/or benefits in kind such as the ET (extraterritorial) scheme.
  3. Lease car tax addition.
  4. The portion of taken-up/paid-out reserves that has been accrued during the waiting period.

The change in the premium calculation will be included in the new version of the Profit CLA as soon as it is updated.

 

Homeworking allowance

It is now possible to make allowances and deductions dependent on flexible employees working from home. This is used, for example, for allowances such as Lunch expenses to which there is no entitlement when working from home and a Homeworking allowance to which there is an entitlement when working from home.

 

Providing provisional payslips for claims

You can now issue provisional payslips that are linked to the interim payments of claim payments. This gives employees faster insight into the various payments they receive into their account. The flexible employee can consult the provisional payslip in the file.

 

Hourly deduction component type

You can now make hourly deductions for hourly fees. You could already do this in relation to daily fees.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flexible payslip report

A number of changes have been implemented on the flexible employee payslip under the Reserves subreport:

  • Column 'Added' has been renamed to Accrual.
    This includes the source changes 'Reserve', 'Correction' and 'Transfer (greater than 0).
  • Column 'Deduction' has been renamed to Taken-up.
    This includes the source 'Taken-up, 'Payment', 'Transfer (less than 0)' entries.
    The 'Taken-up' column is shown as a positive value.

Revaluation is not considered. This does not apply to reserves in cash. Reserves in hours are displayed in hours and the monetary value is not shown there.