ETP

Advocacy

I have set up ETP in my payroll and about to pay, but in the payroll section it wants me to enter a code  for life, multiple or death...none of these are the case, it is a straight golden hand shake....but I cant move on without choosing one of them. 

 

Thanks

M

CloverQ

Hi @Advocacy 

 

It is a requirement for Single Touch Payroll that if the employee receives and ETP payment, then the ETP benefit type needs to be selected when recording the payroll transaction.

 

Once you select from the Life/Multiple/Death options, there are additional benefit codes to be selected. I'd suggest referring to this ATO's page explaining which code to select for different types of ETP, then select the code within AccountRight:

 

https://www.ato.gov.au/Individuals/Tax-return/2019/Tax-return/Income-questions-1-12/4-Employment-termination-payments-(ETP)-2019/

 

I hope this helps.