Termination Pay

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maiphuong
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Termination Pay

Hi there, 

 

We tried to process the final pay it was included Annual Leave Paid out and Long Service Leave paid out. 

 

Refer to ATO, the employer does not need to pay super on Leave Entitlement paid out. However when we process the final pay run, super calculated including 10.5% on Leave Entitlement paid out as well. Also PAYG witholding tax was incorrect. 

 

Would you please help me to explain why would can happen? We set up Unused Annual Leave and unused LSL allocated to ATO cagetory: Lump Sump A - Termination.   

 

Thanks in advance 

 

Mai

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vidario1
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Re: Termination Pay

Hi there

 

You need to go into your Superannuation payroll category, to Exempt, and then tick the appropriate payroll categories Smiley Happy

 

Thanks

vidario

 

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maiphuong
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Re: Termination Pay

Thank you. 

Celia_B
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Re: Termination Pay

Hi @maiphuong 

 

Thanks for your post. 

 

To resolved the issue as mentioned  by one of our trusted user @vidario1, You just need to check into your Superannuation payroll category and tick the appropriate categories.  May I know if you still need further assistance with this?

 

Please feel free to post again, if you need further assistance in the future. We're happy to assist you.

 

Best Regards,

Cel

 

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maiphuong
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Re: Termination Pay

Hi Cel,

 

Thank you for reaching out. I have set up correctly now. 

 

Thank you for your help.

 

Regards,

 

Mai

Leneth_A
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Re: Termination Pay

Hi @maiphuong

 

We're glad to hear you we're able to look for the solution. We're always happy to help you again for future posts.

 


Please don't hesitate to reach out again if you need help in the future.

 

Cheers,
Leneth

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