Overview
Voyant Global now allows you to model payroll taxes directly within Employment records.
This feature is designed for regions where employment income may be subject to payroll taxes, social insurance contributions, or other mandatory employment-related deductions that are separate from traditional income tax calculations.
By adding payroll taxes to an Employment record, advisers can create a more accurate representation of a client's net income and tax position.
You also have the option to designate payroll taxes as deductible, allowing the software to reduce taxable income where appropriate for your jurisdiction.
Note: This feature will be available in our Global offering on the 26th of June, 2026.
Adding Payroll Taxes to an Employment Record
To model payroll taxes:
- Open the client's plan.
- Navigate to the relevant Employment record.
- Locate the new Payroll Taxes field.
- Enter the applicable payroll tax rate as a percentage.
Once a Payroll Taxes value greater than zero has been entered, an additional option will appear:
Payroll Taxes Deductible
Enable this option if payroll taxes should reduce taxable income in your jurisdiction.
Reviewing Payroll Taxes in Year View
After entering payroll taxes, you can review their impact in Year View → Taxes.
Income Relief
The new Income Relief line shows deductions or relief amounts that reduce taxable income before tax calculations are applied.
If Payroll Taxes Deductible has been enabled, the deduction may be reflected here depending on the tax regime being used.
Additional Taxes
The new Additional Taxes line provides visibility into tax amounts that fall outside standard income, dividend, interest, or capital gains tax calculations.
Taxes Already Deducted in Year
The Taxes Already Deducted in Year line has been updated to provide clearer visibility into taxes that have already been paid or withheld during the year.
This can help explain why a client may still owe taxes or alternatively be due a refund.
Enhanced Tax Summary
The Tax Summary section now provides additional detail about the sources of tax within the plan.
Depending on the client's circumstances, you may see:
- Total Income Taxes
- Total Capital Gains Taxes
- Total Dividend Taxes
- Total Interest Taxes
- Total Additional Taxes
- Total Taxes
- Total Paid Taxes
- Total Non-Reclaimable Paid Taxes
- Total Taxes Due
- Total Offshore Taxes
To keep the display clean and easy to review, tax categories with a value of zero are automatically hidden.
When Should Payroll Taxes Be Used?
Payroll Taxes are most useful when a client's employment income is subject to mandatory payroll-based deductions that are not already captured through standard income tax calculations.
Examples may include:
- Social insurance contributions
- Payroll withholding taxes
- National insurance-style contributions
- Employer- or jurisdiction-specific payroll levies
Always confirm the appropriate treatment with local tax guidance before determining whether payroll taxes should be marked as deductible.