employee termination unused annual leave loading

Question

Hi,&nbsp;I use MYOB AccountRight. I have just had an part time employee leave to take on another job. She has 15.30 hours of unused annual leave. I am aware it is a requirement to add the annual leave loading of 17.5% onto the payment of the unused annual leave, however there is no "unused annual leave loading" category. Am I supposed to create one, or just adjust the amount (by adding the extra 17.5% calculated on the amount of unused annual leave pre-calculated by MYOB software)?What is the best way to move forward without confusing the ATO or making a mistake?&nbsp;Thank you very much for your feedback,&nbsp;Kind Regards,&nbsp;Jackie Bell

tracey_h · Accepted Answer

Hi&nbsp;JackieBell&nbsp;
&nbsp;
You can create an Unused Leave Loading payroll category to make sure it is reported correctly through STP.&nbsp; These support notes may be helpful -
Create payroll categories for termination payments&nbsp;
Assign ATO reporting categories&nbsp;
&nbsp;
You might also find this link useful in calculating PAYG on termination pays -&nbsp;ATO - tax table for unused leave payments&nbsp;
&nbsp;
Please let me know if you need further help.
&nbsp;

jackiebell · Answer

Thank you very much, Tracey:)Sorry for the late reply!

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employee termination unused annual leave loading

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