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In the example Payee record below the ‘Seniors & Pensioners Tax Offset’ setting has been ticked and the Status has been defined as Couple.
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Please be aware that the new fields added to the Payee PAYG Tax Details section are for STP reporting purposes only. The application of the relevant tax offset needs to be calculated manually and then applied via a manual tax adjustment in a pay batch. |
We have also provided additional search options to allow you to find Payees that have the ‘Seniors & Pensioners Tax Offset' setting applied, via the Search Payee > Payroll Details Tab, Tax Details section.
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This enhancement adds the ability to identify Payees payees who are eligible for the Seniors & Pensioners Tax Offset which will so that the relevant tax treatment can be reported to the ATO via STP Reportingreporting if a payee’s tax withholding is being adjusted to apply the offset.
Configuration
On upgrade to V12.17 the ‘Seniors & Pensioners Tax Offset' setting is available in Payee Record for PAYG Payees, in the PAYG Tax No section. By default, this item is not ticked , and these settings can be updated at any time in the existing payee. Where ticked the Status value must be applied to one of the following options:
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