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HVECLPH1 - Calculation of LPH payments

HVECLPH1 - Calculation of LPH payments

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This report has been replaced by report HVECLPH2 .

Description

External routine for the function that calculates Housing Scheme Act (LPH) contributions, in accordance with applicable legislation.

The general process involves applying the employee and company contribution percentages to the calculation basis, checking:

The age limits for contributions to the LPH, depending on sex.

The amount of the maximum contribution set by law.

For further information, see documentation for function VELPH.

Requirements

You must first update the constants in tables T511K and T511P related to the calculation of LPH contributions.

Output

Total company contribution to LPH.

Total employee contribution to LPH.






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