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jallen29's avatar
jallen29
Contributing User
2 months ago
Solved

how to pay 8% holiday pay

We have a closedown at Christmas from Monday 23 December starting back Monday 13 January 2025.

Some staff have not worked a year (only a few months) and I need to pay out the 8% holiday pay.

MYOB payroll does not have a default to pay the 8% without termination. 

Can someone help with this - how do you process the gross amount so that it reduces the holiday pay.

or do you have to do all of this manually?

Also if you pay out the leave in full and they have no leave left as they are off on holiday what are the rules to move the start date if they are coming back to work on the 13 Jan.

 

MYOB Business
  • Genreve_S's avatar
    Genreve_S
    2 months ago

    Hi jallen29, 

     

    The process for creating holiday payments depends on the software you are using. You can read through this link to learn more about processing leave in MYOB Business.

     

     

    Thanks,

    Genreve

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    2 months ago

    Hi jallen29, 

     

    The process for creating holiday payments depends on the software you are using. You can read through this link to learn more about processing leave in MYOB Business.

     

     

    Thanks,

    Genreve

  • samcarans's avatar
    samcarans
    2 months ago

    To pay the 8% holiday pay in MYOB payroll, you'll need to manually adjust the gross amount by adding the holiday pay as a separate line item.

    For staff with less than a year of service, calculate 8% of their earnings and pay it out as "Holiday Pay" without terminating their employment. If paying out leave in full, you can set the leave balance to zero and update their leave accruals when they return to work on January 13.

    Ensure that the leave year start date is updated accordingly for accurate future calculations.

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