A lump-sum settlement lets you take more than the usual weekly instalment, so the balance clears faster. You can settle the full balance, half of it, or a custom amount or percentage. The settlement is taken through the operative's pay, and you can use it on any active or paused plan at any time.
Example: an operative is leaving and wants to clear the £240 left on their plan. You settle the full balance, and it's taken from their next pay.
Applying a Settlement
Open the plan from the Deduction plans screen by selecting View.
Select Lump-sum settlement button
Choose how much to settle:
Full: the whole outstanding balance.
Half: half the outstanding balance.
Custom: an amount or percentage you enter.
Confirm 'Apply settlement'
The settlement is added as a deduction on the operative's next timesheet.
What Happens Next
Full settlement: once it's taken, the balance is £0 and the plan is marked Completed.
Part settlement: the balance goes down and the plan stays active. The weekly instalment amount stays the same, but fewer instalments are left.
Every settlement is recorded in the plan's Audit log, with the amount, whether it was full or part, when it was made and who made it.
Use Case
Super Users / Payroll - who need to manage an operative who wants to pay off a balance early or if need to recover what's owed before an operative leaves.
💡 Tips
To recover a leaver's balance from their final pay, apply a full settlement before they're deactivated. See Deduction Plans When an Operative Leaves.
A custom amount is rounded to the nearest penny.