Forum Discussion

Kate_Beaumont's avatar
Kate_Beaumont
Contributing User
2 years ago
Solved

Salary Sacrifice amount included in gross wages - how to fix at end of year

Just about to finalise end of year STP reporting and found that the amount salary sacrificed through the year for 2 employees has not deducted from the gross wages as it should have. This is non superannuation salary sacrifice. Appears that the deduction has been included in the tax calculation. I have updated so that it is compatible with STP 2 with the new required category as opposed to not reportable. I have updated the category to show the deduction is not included for taxation purpose and then done a 0.00 pay run for the employee but it has not corrected. Can anyone suggest a fix for this. 

  • gavin12345's avatar
    gavin12345
    2 years ago

    Hi Kate_Beaumont  and Alby97 

     

    If you check the ATO website for STP Phase 2 - salary sacrifice, you will see that Gross Amount must now be the pre-salary sacrifice gross amount as this is what SG should be based on. The ATO will deduct the Salary sacrifice amount from the Gross Amount to arrive at the correct Taxable Income. This is one of the many differences in Phase 2.

     

    Regards

    Gavin

14 Replies

Sort By
Replies have been turned off for this discussion
  • Kate_Beaumont's avatar
    Kate_Beaumont
    Contributing User
    2 years ago

    Have managed to fix - apologies but unsure how to delete this matter. 

     

  • Kate_Beaumont's avatar
    Kate_Beaumont
    Contributing User
    2 years ago

    I misspoke yesterday and whilst I have managed to get the salary sacrifice to now appear it is not as a negative figure on the individual's details and has not reduced the gross amount on the STP report. Is there a way to fix this?

    • Alby97's avatar
      Alby97
      User
      2 years ago

      I am having the same issue - my salary sacrifice contributions are showng in gross wages.  Have you managed to fix yours?

      • Kate_Beaumont's avatar
        Kate_Beaumont
        Contributing User
        2 years ago

        Sorry but have not found a solution. Spent a bit of time on the phone with MYOB and they have escalated it to look at in the back end. Not sure if you have shifted to STP2 or not as yet? I was doing end of year for one which is still STP1 which worked perfectly, not so the one that has been moved to STP2.