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BronJay2025's avatar
BronJay2025
Contributing User
3 months ago

Medicare Levy Surcharge - Extra PAYGW deduction

I'm looking for a solution to deducting extra monthly PAYGW amounts for an employee.  They want to increase their PAYGW amount to cover the Medicare Levy Surcharge charge at end of year and I cannot find an appropriate tax or deduction option that maps this correctly for STP purposes.  They have a set monthly amount they want deducted and want this shown separately on their payslip.  Is there an option for this?

3 Replies

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    3 months ago

    Hi BronJay2025,

    Great question! For adding extra monthly PAYGW amounts and keeping things tidy for STP, check out our handy article on PAYG Withholding tax. It’s packed with quick tips on setting up those extra deductions. PAYG withholding tax

    Regards,
    Earl

  • BronJay2025's avatar
    BronJay2025
    Contributing User
    3 months ago

    Thanks Earl - I've read the notes and added the extra tax, however it doesn't separate the extra tax on the payslip which would be helpful to see. 

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    3 months ago

    Hey BronJay2025,

     

    You’ve done all the right things by reading through the notes and popping that extra tax in, so cheers for being on top of it. When it comes to pay slips though, any extra PAYG you chuck in just gets bundled in with the regular tax total, rather than splitting out as a separate line. It’s about showing the full tax amount in one spot.

     

    Cheers,

    Doreen