Paying Bonus and full salary sacrifice in Accounts Plus 2015.
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Tim Cross_7724692
Member Posts: 44 ✭
I am paying a yearly bonus in Accounts Plus 2015. This is going to be full sacrifice to super. When I enter the total bonus in the pay cheque the SGF amount automatically calculates a 9.5% contribution. However, my tax instalment remains unchanged after entering the Salary Sacrifice figure of the same amount as the bonus. Is this correct or should I be deducting the 9.5% from the bonus amount first to get the total payable by the company as the gross bonus payment(with no tax due to sacrifice).
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Hi Tim,
To have the tax amount reduce, edit your salary sacrifice payroll item, and tick the box for PAYG Tax. Then the PAYG tax for the amount you salary sacrifice will be reduced.
Let me know how it goes.
Regards,
Shane.0
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