I am using AccountRightPlus and have a new employee that has a studen loan. I have selected Tax Free Threshold & STSL in Taxes / Payroll Details.
Does this automatically calculate the STSL and does it display on the payslip sperately to PAYG?
Or are there other steps I need to do. ie; set up an new Payroll Category?
Thanks.
Hi Kaos8888,
Thanks for your post. When setting up an employees Tax details, whichever tax table you select in that window will apply to the employee when processing payroll. As Tax Free Threshold & STSL is 1 tax rate it will appear as the 1 tax rate on the payslip. Information on this is available on our Help Article Taxes.
Do let me know if you have any further questions.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Hi Melissa,
Thank you for your reply.
Can you please confirm that on the payslip the PAYG & STSL will show as one amount or is there a way of showing each amount?
