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Steph123456's avatar
Steph123456
Member
2 years ago

Mortgage payments - weekly payroll deduction setup

I work for a NFP and we are offering salary packaging options to our employees for mortgage and home loan repayments.   Can anyone advise how this deduction should be reflected on weekly payslips - i...
Princess_R's avatar
Princess_R
MYOB Moderator
2 years ago

Hi Steph123456,

 

Thanks for reaching out and for your interest in setting up deductions for mortgage payments in your weekly payroll.

 

I'm sorry for the late reply. While I can’t offer financial advice or determine the specific reporting categories you should choose, I'm more than happy to share a helpful resource with you. This Help article, Salary Sacrificing, contains information on setting up deductions. However, given the complexity of this situation, it would be beneficial to seek advice from your accountant.

 

Please let me know if there's anything else I can assist you with.

 

If my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.

 

Cheers,

Princess

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