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JC70's avatar
JC70
Member
1 month ago

Tax Free Threshhold + STSL

One of our staff have a Trade Support Loan and we are using Tax Free Threshold + STSL for tax purposes. On their Pay slip these are not itemised to show the PAYG Tax and STSL payment seperately so our staff knows how much is going towards his Trade loan. How is this calculated at the ATO so the correct amount is taken off the Loan? How are these payments deducted from the Loan? 

Thank you, Julie

1 Reply

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    1 month ago

    Hi JC70,

    Thanks for posting. As far as I know this is automatic on the ATO side. The employee just needs to log in to their ATO portal. On our end it won’t be itemised separately, but the ATO handles it automatically.

    Regards,
    Earl

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