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Payroll Advances are a way for missionaries employees to receive a portion of their future paycheck early. It is not to be considered "extra" or "additional" salary. Employees who are granted a Payroll Advance will, in most cases, have the advance subtracted from their next paycheck. When the Payroll Advance is deducted, the employee's pay stub will show the advance deduction as "Advance Repayment" in the Gross to Net Pay section of the pay stub.
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For example, John Smith expects to receive $2,000 after taxes and deductions on March 15th for his February work. He is in need of $500 in February to pay for some emergency expenses so he submits a Payroll Advance Request. The request request is approved by Reliant and he receives $500 in February as an advance. On his March 15th paycheck, he will now net $1,500 ($2,000 normal salary, after taxes and deductions, less the $500 that was advanced to him). |
If there are other advances or charges to the MTD account that take precedence in the Order of Pay (before payroll items can be paid out), those factors will be assessed when determining how much money can be advanced to the employee. Reliant will reserve an estimated tax amount from all salary advances. Therefore, in most cases the maximum amount the employee is eligible to receive is an estimate of their upcoming paycheck's "net" (after tax) payroll amount.
A Payroll advance request must meet the guidelines below and the granting or denial of a Payroll Advance Payroll Advance request is within the sole discretion of Reliant.
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