Third Party Payment Instruction

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.

Table 1. Rolled-up Financial Instruction Line Item for Third Payment Instruction.

This table describes the financial instruction line item that is rolled-up into 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