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SuzanneDenny's avatar
SuzanneDenny
Contributing User
18 days ago
Solved

Pre-Tax Novated Lease/SG Superannuation

Hi, I understand that SGC is not payable on Salary Sacrifice Pre-Tax portions of Novated Leases or Salary Sacrifice items other than Superannuation.  When setting up these accounts in MYOB I can on...
  • Shella_A's avatar
    Shella_A
    17 days ago

    Hi SuzanneDenny,

     

    We appreciate your suggestion to have a deduction option that reduces the Gross amount for the calculation of SGC on Pre-Tax salary sacrificed amounts. I recommend posting this to our MYOB AccountRight Ideas Exchange board for future updates consideration. In the meantime, making manual adjustments is the best approach.

     

     

    Cheers,

    Shella

SuzanneDenny's avatar
SuzanneDenny
Contributing User
17 days ago

Hi Genreve

Thank you for confirming that MYOB currently does not have a deduction option to use which reduces Gross amount for calculation of SGC on Pre-Tax salary sacrificed amounts not to Super.

Maybe something MYOB could consider implementing?

I will make manual adjustments.

Regards

Suzanne

Shella_A's avatar
Shella_A
MYOB Moderator
17 days ago

Hi SuzanneDenny,

 

We appreciate your suggestion to have a deduction option that reduces the Gross amount for the calculation of SGC on Pre-Tax salary sacrificed amounts. I recommend posting this to our MYOB AccountRight Ideas Exchange board for future updates consideration. In the meantime, making manual adjustments is the best approach.

 

 

Cheers,

Shella

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