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Belinda15's avatar
Belinda15
Contributing User
2 months ago

How do i repay an employee that's been over taxed

Good afternoon,

 

I have an employee that moved to Salary Sacrifice arrangements 2 weeks ago. I've realised today that the box for exempting PAYG is not ticked (must not have saved properly at the time of creation as I'm sure I did it). Anyway the employee has missed out on the benefit of $184.00 which would have been paid to them due to the PAYG being less.

 

The employee really wants the extra money now rather than waiting to 30 June 2025. I was thinking I could run an rescheduled pay and put zero in base hours and zero in the salary sacrifice field, then put $184.00 in PAYG rather than ($184.00) and this will produce a Net pay of $184.00. 

 

I assume this would also adjust their YTD accordingly, reducing the amount of PAYG and increasing the net pay. Am i correct in making this assumption? Is there a better way to do this??

 

Thank you in advance 

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator

    Hi Belinda15,

    Yes, you are correct. You can proceed with that. Additionally, it is advisable to consult with your accountant to ensure everything is in order.

    Regards,
    Earl