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KNIGHTH's avatar
KNIGHTH
Member
11 months ago

HELP debt AND Financial Supplement Debt

I am adding a new employee into MYOB Payroll and they have selected "YES" on their TFN Declaration Form for both a HELP debt and Financial Supplement Debt. The only option I can see in the pre-assign...
Doreen_P's avatar
Doreen_P
MYOB Moderator
11 months ago

Hi KNIGHTH,

 

Yes, the STSL covers repayments for HELP and Financial Supplement. Since your employee has marked both HELP and Financial Supplement debts on their TFN declaration, selecting the STSL tax table ensures that the correct addition tax is withheld. You can find more information through this link.

 

Cheers,

Doreen

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