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Belinda15's avatar
Belinda15
Contributing User
7 months ago

How do i repay an employee that's been over taxed

Good afternoon,

 

I have an employee that moved to Salary Sacrifice arrangements 2 weeks ago. I've realised today that the box for exempting PAYG is not ticked (must not have saved properly at the time of creation as I'm sure I did it). Anyway the employee has missed out on the benefit of $184.00 which would have been paid to them due to the PAYG being less.

 

The employee really wants the extra money now rather than waiting to 30 June 2025. I was thinking I could run an rescheduled pay and put zero in base hours and zero in the salary sacrifice field, then put $184.00 in PAYG rather than ($184.00) and this will produce a Net pay of $184.00. 

 

I assume this would also adjust their YTD accordingly, reducing the amount of PAYG and increasing the net pay. Am i correct in making this assumption? Is there a better way to do this??

 

Thank you in advance 

2 Replies

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    7 months ago

    Hi Belinda15,

    Yes, you are correct. You can proceed with that. Additionally, it is advisable to consult with your accountant to ensure everything is in order.

    Regards,
    Earl