SVB Daily Wage (Sint Maarten)

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SVB Daily Wage (Sint Maarten)
« on: November 26, 2018, 06:11:23 PM »

Every month premium must be paid to the SVB on Sint Maarten for the health and accident insurance.


The employee is insured against loss of wages on the basis of the specified daily wage. The SVB considers as pay any benefit that an employee receives as compensation for his work. This includes future and variable fees such as commissions, commissions and tips, wages in kind, risk supplements, holiday pay, bonuses, bonuses, etc ..

The insurance is therefore based on an estimate of the average expected daily wage.


With the report "SVB Mutations" you register the employees and report any changes to the SVB daily wage. By default, this report automatically estimate the SZV daily wage on the basis of the "Fixed wage components", or if the employee does not have a fixed salary, the "Hourly wage" is multiplied by the number of work hours per day.

No (future) variable wage mutations are taken into account in the automatic calculation, as a result of which the insured wage loss may be a bit too low. For hourly employees, it is important again that the estimated number of working hours corresponds to actual hours worked.

Use the report "Year declarations" > "SZV daily wage check" to see the difference between the SZV daily wage and the actual wage.

If you wish, you can make your own manual estimate of the SZV daily wage and enter it on the employee's "Wages" tab. The program will then always use the manual SZV daily wage.
« Last Edit: December 04, 2018, 11:50:17 AM by Support »