ESCT Change / Update

[RamilaatOrion]

If the employee hasnt worked the full year in 2014/2015 do we need to change the ESCT Gross Liable for each employee for the first pay in the new FY?

[jenniek]

Hi there @RamilaatOrion

The MYOB system does this for you based on gross earnings as long as you have the ESCT rate as "calculated" in the employee details tab.

[Steven_M · Accepted solution]

Hi @RamilaatOrion

Welcome to the MYOB Community Forum, I hope you find it a wealth of knowledge.

Just in addition to @jenniek 's post, Support Note: Employer Superannuation Contributions Tax (ESCT) calculations has how the ESCT rate in Payroll will be calculated if ESCT rate box in the Employment Details tab is set to be "Calculated".