TIL Accrued and TIL Taken

TIL Accrued

*Time in Lieu (TIL) refers to a type of arrangement that allows (or requires) employees to accrue overtime which can be taken as Leave at a later stage. For example, an employee works 38 hours normal time and 5 hours overtime. The employee chooses to accrue 5 hours Time in Lieu (TIL) instead of receiving payment for overtime hours.

All payments made using this type will increase the Employees TIL Balance based on the amount entered during the pay run. Any banked hours using this type are not applicable for payment until TIL Taken is used during a pay run.

TIL Taken

All payments made using this type will reduce he Employees TIL Balance based on the amount entered during the pay run. TIL Taken will use the rate which has been predefined in the employees Award & Agreement, Special Award Rate or Advanced Pay Set Up unless Calculate Base Rate on Advanced Pay Settings is selected and will be taxed at the marginal rate (same tax rate as their NORMAL Pay).