Forum Discussion

Roanne's avatar
Roanne
Contributing Cover User
3 years ago

TFN declaration HELP and Financial Supplement debt.

Hi,  I am setting up a new employee who has ticked both boxes on his TFN declaration for HELP and Financial Supplement debt.  

 

Does anyone know what tax table code in MYOB I use for this?  There only seems to be Tax free threshold + STSL and I don't know if this covers the Financial Supplement debt as well?

 

Thanks

  • SamaraM's avatar
    SamaraM
    Former Staff
    3 years ago

    Hi Roanne 

     

    I recommend checking out the ATO's full list of Tax Tables for more information about how much tax to deduct in your specific situation: Tax tables.

     

    We also have a Help Article on the PAYG calculations, and at the bottom, it goes through what the abbreviations mean in the tax tables.

     

    Hope that helps.


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