Visma Lön Smart
What is salary exchange?
Salary exchange plays a part in how additional pay, pay deductions, holiday, etc. should be calculated for employees with a gross salary deduction on their monthly salary. A common example of a gross salary deduction is the money deducted for pension. The deduction is made from the salary before taxes have been withheld, i.e. on the gross salary.
Example
An employee has a monthly salary of 25 150 SEK and a gross salary deduction of 475 SEK for pension.
For an employee without salary exchange, all the calculations are made based on the monthly salary under Lön Smart - Employees and the Pay tab in the field Calculated monthly salary (25 150 SEK), i.e. the salary before the gross salary deduction.
For an employee with salary exchange and a monthly salary of 25 150 SEK, all the calculations are made based on 24 675 SEK, i.e. the monthly salary reduced by the gross salary deduction for pension. The new basis for calculation is used to calculate both additional pay (for example overtime compensation) and pay deductions (for example deductions for leave of absence). The basis is also used for the holiday calculation, at the holiday year-end closing and on the holiday pay liability list.
Salary exchange is activated under Lön Smart - Employees and the Pay tab. Read more in the topic Salary exchange for employees.
