How "allowance" which is actually a part of salary package shown in STP?

  • 1
  • Question
  • Updated 10 months ago
My question regarding to setting up a salary package for an employee,
For example:
Total package is $70K, including 2 different type of allowances which are for his special duties. I've checked the ATO wesite and knew that these 2 allowance are actually classified as Gross Payment, STP Field is Gross PAYEVNTEMP47 (not sure what it means).
What we have set up in our system is:
Salary (Type - Gross payment): $60k
Allowance 1 (Type - Allowance other): $5k
Allowance 2 (Type - Allowance other): $5k

Then later in STP report, it does break out his package in to $60k Gross payment and $10K allowance.
Is it correct way? Or should the Gross Payment showing the total of $70K and the allowance is $0 as these "allowances" are actually his salary?
Photo of Roxy Le

Roxy Le

  • 150 Points 100 badge 2x thumb

Posted 10 months ago

  • 1

Be the first to post a reply!