Payslip Template Seychelles (Free Excel Download)

Seychelles Payslip Template (Free Excel Download)

A ready-to-use payslip template for Seychellois employers, with the country's statutory deduction lines built in: Seychelles Pension Fund (SPF) employee and employer contributions, plus PAYE income tax withheld per Seychelles Revenue Commission brackets. Copy it into Excel or Google Sheets and it is ready for your monthly payroll run.

How to Use This Template

1. Fill in the employer and employee header fields once — they stay the same every month.
2. Enter gross monthly earnings (basic salary plus allowances and overtime).
3. Apply the SPF and income tax lines exactly as shown — SPF at 2.5% employee / 7.5% employer, PAYE per the SRC brackets below.
4. Issue one copy to the employee and keep one for your payroll records.

Seychelles Payslip Template

Employer: [Company Name] | Tax ID: [] Employee: [Full Name] | National ID No.: [] Designation: [] | SPF Member No.: [] Pay Period: [Month / Year] | Payment Date: [DD/MM/YYYY]

Employer contributions (not deducted from employee):

Worked Example

Monthly gross salary: SCR 12,000 (citizen employee, no other allowances).

• SPF employee: 2.5% × 12,000 = SCR 300 (deducted)
• Income tax (PAYE): first 8,555.50 at 0% = 0; next 1,444.50 (up to 10,000) at 15% = 216.68; next 2,000 (up to 12,000) at 20% = 400. Total PAYE = SCR 616.68 (deducted)
• Net pay: 12,000 − 300 − 616.68 = SCR 11,083.32
• SPF employer: 7.5% × 12,000 = SCR 900 (employer cost)
• Total employer cost: 12,000 + 900 = SCR 12,900 (7.5% on top of salary)

Statutory Notes for Seychelles Payroll

• Seychelles Pension Fund is mandatory for all employed workers: 2.5% employee, 7.5% employer, on gross monthly earnings.
• Income tax is withheld by the employer per SRC brackets (citizens): 0% to SCR 8,555.50/month; 15% on 8,555.50–10,000; 20% on 10,000–83,000; 30% above 83,000. Non-citizens have no zero-rate band.
• A 13th-month payment is prescribed under the Employment Act — show it as a separate earnings line when paid.
• Bonuses, service charges and leave-cash conversions are treated as non-pensionable for SPF purposes.
• Always verify current rates and brackets with the Seychelles Pension Fund and the Seychelles Revenue Commission before each payroll year, as thresholds change.

Pro Tips

• Show the SPF employer share on the slip. Staff rarely realise the company pays 7.5% on top of salary — printing it builds trust.
• Get the citizenship flag right. The zero-tax band applies to citizens only; applying it to a non-citizen under-withholds tax.
• Keep the national ID on every payslip. It is the identifier the SRC and the SPF ask for first.
• Track the 13th month separately. It is pensionable and taxable — burying it in "allowances" breaks both calculations.
• Reconcile PAYE monthly. Gross minus deductions must equal net pay to the cent before you remit.

Frequently Asked Questions

Q1: What is the Seychelles Pension Fund deduction? A: The mandatory SPF contribution: 2.5% of gross earnings deducted from the employee, plus 7.5% paid by the employer — 10% in total.

Q2: How is income tax calculated on a Seychellois payslip? A: The employer withholds PAYE using SRC brackets: for citizens, 0% up to SCR 8,555.50/month, then 15%, 20% and 30% bands above that. Non-citizens are taxed from the first rupee.

Q3: Is the 13th-month salary mandatory in the Seychelles? A: A 13th-month payment is prescribed under the Employment Act. Show it as its own earnings line on the payslip, not inside allowances.

Q4: Are bonuses subject to SPF contributions? A: Bonuses paid under an approved bonus scheme are non-pensionable and excluded from the SPF base, provided they are separately identifiable on the payslip and payroll system.

Q5: What is the total cost to the employer beyond gross salary? A: 7.5% SPF on gross earnings — the employer share of the pension fund.

Q6: Who administers payroll tax compliance in the Seychelles? A: Income tax is administered by the Seychelles Revenue Commission (SRC); pension contributions go to the Seychelles Pension Fund (SPF).