Life Benefit ETP
Hello,
I need to record a payrun for an employee who is leaving.
According to the ATO, this should be Life Benefit ETP Code O:
https://www.ato.gov.au/Rates/Schedule-11---Tax-table-for-employment-termination-payments/?page=7
How do I record this in my MYOB payrun?
I don't see Type O as an ATO Reporting Category anywhere.
Thanks in advance.
Charlie Zeaiter.
Hi charliez
When you use an ETP based ATO Reporting Category listed on a pay, the system will allow a hidden box to appear on the Pay Employee that allows the user to select the ETP Benefit Type:
I would recommend checking out Help Article: Create payroll categories for termination payments for more information on setting up a payroll category as an ETP ATO Reporting Category.
