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Kaos8888's avatar
Kaos8888
Contributing User
3 years ago

Tax Free Threshold & STSL

I am using AccountRightPlus and have a new employee that has a studen loan. I have selected Tax Free Threshold & STSL in Taxes / Payroll Details. 

Does this automatically calculate the STSL and does it display on the payslip sperately to PAYG?

Or are there other steps I need to do. ie; set up an new Payroll Category?

Thanks.

  • Hi Kaos8888

     

    Thanks for your post. When setting up an employees Tax details, whichever tax table you select in that window will apply to the employee when processing payroll. As Tax Free Threshold & STSL is 1 tax rate it will appear as the 1 tax rate on the payslip. Information on this is available on our Help Article Taxes

     

    Do let me know if you have any further questions. 

     

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

    • Kaos8888's avatar
      Kaos8888
      Contributing User

      Hi Melissa,

       

      Thank you for your reply.

       

      Can you please confirm that on the payslip the PAYG & STSL will show as one amount or is there a way of showing each amount?

      • Melisa_D's avatar
        Melisa_D
        Former Staff

        Hi Kaos8888

         

        It will show as one amount. 

         

        Do let me know if you have any further questions. 

         

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