What is NI-able/NI applicable in SAP PA-BN-FB - Flexible Benefits?

SAP Term: NI-able/NI applicable

• Component: PA-BN-FB

• Component Name: Flexible Benefits

• Description: Terms used to denote that National Insurance Contributions NICs are applicable. Within for Great Britain, employee NICs are only payable on a very small number of benefits for example, retail vouchers, whilst employer NICs are payable on a wider range of benefits provided, including private dental/medical insurance, childcare vouchers, health screening, and a range of other insurances.

Smart SAP Assistant

• Key Concepts: 
  NI-able/NI applicable is a term used in the SAP PA-BN-FB Flexible Benefits component. It stands for “non-insurable” and refers to benefits that are not covered by insurance. This includes benefits such as vacation time, sick leave, and other non-cash benefits. 
  
  How to use it: 
  In the SAP PA-BN-FB Flexible Benefits component, NI-able/NI applicable is used to identify which benefits are not covered by insurance. This information can be used to determine which benefits need to be paid out of pocket or through other means. 
  
  Tips & Tricks: 
  When setting up the SAP PA-BN-FB Flexible Benefits component, it is important to make sure that all non-insurable benefits are marked as NI-able/NI applicable. This will ensure that these benefits are not mistakenly covered by insurance. 
  
  Related Information: 
  For more information on the SAP PA-BN-FB Flexible Benefits component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use this component.