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May - last edited May by Steven_M
I have called the helpdesk before and was told to enter 41.67 as the deduction percentage at SLCIR. I did that and the deduction was the same (we used ACE software before MYOB). Then I have a new staff, so I created the tax code in the same way. But, i noticed there was just one student loan deduction, and then none afterward. The new staff is a casual (the staff I transfer from ACE was a full time), and earn around $350 max per week. is that the reason why there was no deduction for him? I set them up the same way, so I definately belief its rightly set up. any clue? am i supposed to use 41.67 for old (as in has been set up years ago) and 4.167 for recent staff? is this an update or something?
p/s: full time staff used MSL code while the part time used MESL. does that make any different? Both has SLCIR set up for 41.67
Appreciate your advice. Thanks
May - last edited May
The Student Loan threshold is $385 per week. If that value is not reached by the employee then no student loan amount will be calculated.:
IRD Website: Repaying my student loan when I earn salary or wages