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UNUSED ANNUAL LEAVE PAYOUT

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Embodyhealth
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Embodyhealth
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January 2022

January 2022

UNUSED ANNUAL LEAVE PAYOUT

what is the best way to work out the tax applicable on paying out unused annual leave?

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Tracey_H
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January 2022

January 2022

Re: UNUSED ANNUAL LEAVE PAYOUT

Hi @Embodyhealth 

 

Thanks for your post. PAYG Withholding on unused leave needs to be calculated using the ATO method applicable to what the leave is made up of, the reason for the payment and when leave was accrued.

 

This link to the ATO website has full instructions for calculating PAYG Withholding: Unused annual leave 

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Cheers,
Tracey
Previously @bungy15

MYOB Community Support

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Embodyhealth
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Embodyhealth
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January 2022

January 2022

Re: UNUSED ANNUAL LEAVE PAYOUT

thank  you for your help.

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