A third party payment instruction is issued to a third-party in relation to third party deductions or tax deductions applied to benefits. The following financial instruction line items can be rolled-up in a third party payment instruction.
ILIs |
Description |
Created From |
---|---|---|
Deduction Payment ILI |
The issue concern payments batch process searches for all unprocessed third party payment instruction line items for a participant and rolls them up into one payment instruction. |
Issue Concern Payments Batch Process |
Tax Payment ILI |
This is the amount equal to the taxes applied to a benefit which can then be rolled-up into a third party payment instruction (for relevant tax authority). |
Issue Concern Payments Batch Process |