Forum Discussion

BJ_Werder's avatar
BJ_Werder
Experienced User
4 months ago

Query on tax for unused leave payments on termination of emloyment

We have an employee who is deducted both PAYG withholding and STSL. He is resigning so we will need to pay out his unused leave on termination. I have seen the formula of how to do this but is the ST...
  • Doreen_P's avatar
    Doreen_P
    4 months ago

    Hey BJ_Werder,

     

    I get that you need to know if STSL is included in the tax to be deducted when paying out unused leave on termination. For specific guidance on this matter, it's best to consult with your accountant or get in touch with the ATO. They can provide detailed information on how STSL should be handled in this situation.

     

    Best regards,

    Doreen

Doreen_P's avatar
Doreen_P
MYOB Moderator
4 months ago

Hey BJ_Werder,

 

I get that you need to know if STSL is included in the tax to be deducted when paying out unused leave on termination. For specific guidance on this matter, it's best to consult with your accountant or get in touch with the ATO. They can provide detailed information on how STSL should be handled in this situation.

 

Best regards,

Doreen

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.