How do i repay an employee that's been over taxed
Good afternoon,
I have an employee that moved to Salary Sacrifice arrangements 2 weeks ago. I've realised today that the box for exempting PAYG is not ticked (must not have saved properly at the time of creation as I'm sure I did it). Anyway the employee has missed out on the benefit of $184.00 which would have been paid to them due to the PAYG being less.
The employee really wants the extra money now rather than waiting to 30 June 2025. I was thinking I could run an rescheduled pay and put zero in base hours and zero in the salary sacrifice field, then put $184.00 in PAYG rather than ($184.00) and this will produce a Net pay of $184.00.
I assume this would also adjust their YTD accordingly, reducing the amount of PAYG and increasing the net pay. Am i correct in making this assumption? Is there a better way to do this??
Thank you in advance