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maiphuong's avatar
maiphuong
Contributing User
12 months ago
Solved

Termination Pay

Hi there, 

 

We tried to process the final pay it was included Annual Leave Paid out and Long Service Leave paid out. 

 

Refer to ATO, the employer does not need to pay super on Leave Entitlement paid out. However when we process the final pay run, super calculated including 10.5% on Leave Entitlement paid out as well. Also PAYG witholding tax was incorrect. 

 

Would you please help me to explain why would can happen? We set up Unused Annual Leave and unused LSL allocated to ATO cagetory: Lump Sump A - Termination.   

 

Thanks in advance 

 

Mai

  • vidario1's avatar
    vidario1
    12 months ago

    Hi there

     

    You need to go into your Superannuation payroll category, to Exempt, and then tick the appropriate payroll categories :)

     

    Thanks

    vidario

     

    image.png

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  • vidario1's avatar
    vidario1
    Trusted User
    12 months ago

    Hi there

     

    You need to go into your Superannuation payroll category, to Exempt, and then tick the appropriate payroll categories :)

     

    Thanks

    vidario

     

    image.png

    • Celia_B's avatar
      Celia_B
      MYOB Moderator
      12 months ago

      Hi maiphuong 

       

      Thanks for your post. 

       

      To resolved the issue as mentioned  by one of our trusted user vidario1, You just need to check into your Superannuation payroll category and tick the appropriate categories.  May I know if you still need further assistance with this?

       

      Please feel free to post again, if you need further assistance in the future. We're happy to assist you.

       

      Best Regards,

      Cel

       

      • maiphuong's avatar
        maiphuong
        Contributing User
        12 months ago

        Hi Cel,

         

        Thank you for reaching out. I have set up correctly now. 

         

        Thank you for your help.

         

        Regards,

         

        Mai