Paying Bonus and full salary sacrifice in Accounts Plus 2015.

Tim Cross_7724692
Tim Cross_7724692 Member Posts: 27 Novice Member Novice Member
edited October 2024 in Reckon Accounts (Desktop)
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).

Comments

  • Shane_6461899
    Shane_6461899 Reckon Staff Posts: 299 Reckon Staff Reckon Staff
    edited February 2020
    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.
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