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Cath_Avatar's avatar
Cath_Avatar
Member
1 month ago

How to set up Income Protection Insurance payments to an employee

We have an employee off on extended sick leave.  He has exhausted all his sick leave entitlements. We have an Income Protection Insurance policy that is about to kick in and reimburse us 70% of th...
Genreve_S's avatar
Genreve_S
MYOB Moderator
1 month ago

Hi Cath_Avatar, 

 

I can see why you’d want to make sure this is set up the right way.

 

This article is for workers’ compensation rather than income protection, but it’s still a good guide for the general setup in AccountRight, especially if you need to create a separate wage category and record the reimbursement separately: Paying workers' compensation

 

Because this is an income protection arrangement, it’s best to check the tax, super and STP treatment with your accountant or the ATO before processing it.

 

Regards,

Genreve 

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