Forum Discussion

MariuchaN3043's avatar
MariuchaN3043
2 days ago

Annual Leave payment

hello community,   It has been brough up to my attention that Annual Leave Pay can be done as Monthly instead of weekly for tax purposes(paying less tax)  If i change employee from weekly to Month...
Isaiah_C's avatar
Isaiah_C
MYOB Moderator
2 days ago

Hi MariuchaN3043,

 

Thanks for reaching out with your query regarding annual leave pay. Changing an employee's pay frequency from weekly to monthly for annual leave payments will not affect any future payments, as tax is calculated based on the employee's total wage, regardless of the frequency.

 

 

Regards,

Sai

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