MYOB Essential payroll - code MSL changing the student loand repayment percentage

[Fiona99]

HI

Just after some help with how to action IRD's request in MYOB payroll re chaging the student loan dedction with a different rate.

The employee has variable hours

IRD have advised to keep the tax code as MSL but the calculation should be for a fortnight

Student loan deduction = (Gross earnings - pay period repayment threshold ($818.00)) * 5.00%

Any ideas how to change action this to 5% in MYOB without having to do a manual calculation each pay day.

Thanks so much!!!

Fiona

[Fiona99]

I have tried changing the SLCIR deduction to 5% (as per IRD) but it comes up with an error ='value must be 8.33 or more'

so still not luck - any ideas??

[SamaraM · Accepted solution]

Hi @Fiona99 

Sorry to see that no one has replied to you yet, however, I can see that you've been in touch with our LiveChat Support Team recently.

Were they able to get this resolved for you or did you still require assistance?

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

[Fiona99]

Unfortunately the two solutiions that were suggested by MYOB don't work will try phoning/online chat again when i have a bit more time.