Life Benefit ETP

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Life Benefit ETP

Hello,

I need to record a payrun for an employee who is leaving.

 

According to the ATO, this should be Life Benefit ETP Code O:

https://www.ato.gov.au/Rates/Schedule-11---Tax-table-for-employment-termination-payments/?page=7

 

How do I record this in my MYOB payrun?

I don't see Type O as an ATO Reporting Category anywhere.

 

Thanks in advance.

Charlie Zeaiter.

 

 

1 REPLY 1
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Re: Life Benefit ETP

Hi @charliez 

 

When you use an ETP based ATO Reporting Category listed on a pay, the system will allow a hidden box to appear on the Pay Employee that allows the user to select the ETP Benefit Type:

 

Attachment.PNG

 

I would recommend checking out Help Article: Create payroll categories for termination payments for more information on setting up a payroll category as an ETP ATO Reporting Category.

Kind regards,
Steven

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