What is pensionable salary in SAP PY-ES - Spain?

SAP Term: pensionable salary

• Component: PY-ES

• Component Name: Spain

• Description: Salary base used to calculate the pension plan contribution before applying legal limits.

Smart SAP Assistant

• Key Concepts: 
  Pensionable salary is a term used in the SAP PY-ES Spain component to refer to the amount of salary that is taken into account when calculating an employee's pension. This amount is usually based on the employee's gross salary, but may also include other income sources such as bonuses or overtime pay. 
  
  How to use it: 
  In order to calculate an employee's pensionable salary, the SAP PY-ES Spain component must be configured to include all relevant income sources. This can be done by setting up a payroll structure that includes all of the necessary elements, such as gross salary, bonuses, and overtime pay. Once this is done, the system will automatically calculate the pensionable salary for each employee. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant income sources are included in the payroll structure when calculating pensionable salary. This will ensure that the correct amount is taken into account when calculating an employee's pension. Additionally, it is important to keep track of any changes in an employee's income sources over time, as this may affect their pensionable salary. 
  
  Related Information: 
  For more information on how to configure the SAP PY-ES Spain component for calculating pensionable salary, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to set up and use this component.