Summary

Lump sum components and leave loadings are maintained and automatically updated on pay close for the employee on the Accum (ii) tab.

Further reading

Australian Taxation Office website

A:

Displays the amount of the following pay components resulting from a termination:

Annual Leave

Unused Annual Leave - pre 18/8/93.

All annual leave where it is paid out on Redundancy, Invalidity or on an Approved Early Retirement (AER) scheme.

Note: Unused annual leave - post 17/8/93 for a normal termination is not displayed here. It is taxed at marginal rates and goes into the normal salary & wages.

Long Service Leave

The post 15/8/78 component of long service leave where it is paid out on Redundancy, Invalidity or on an Approved Early Retirement (AER) scheme.

Note: Unused long service leave - post 17/8/93 for a normal termination is not displayed here. It is taxed at marginal rates and goes into salary & wages.

Leave Loading

Unused leave loading - pre 18/8/93.

Unused leave loading - post 17/8/93.

B:

Displays the amount of unused long service leave - pre 16/8/78 resulting from a termination.

D:

Displays the amount of the following pay components resulting from a termination:

Redundancy

Approved Early Retirement

Ex-Gratia Payments

E:

Displays the amount paid in back pay for more than 12 months in the past.

Non-etp:

Records any other amounts resulting from a termination, that have not otherwise been dealt with by the components A, B, C and D.

C:

Displays the amount of the following pay components resulting from a termination:

Golden Handshake (ex-Gratia)

Invalidity Payments

RDO's

Sick Pay

In Lieu of Notice

Superannuation

Tax on C:

The amount of tax calculated for all amounts paid under the Lump Sum C Component.

Pre 83:

Employee’s tax-free portion for service before 1983.

Post 83:

Taxable component of the ETP.

June 94:

This field relates to termination due to invalidity.

When an employee is terminated using the Invalidity (permanent disability) termination type, the invalidity value is displayed in the Post June 1994 invalidity component field on the Employee Terminations - Cash Amount tab. For more information, see Termination Reasons - Details.

Payment Date:

The date that the employee received their termination payment.

Important: When you add an Employee Terminations record, if you do not enter a Date of payment, then the Payment Date field will be blank so reports based on current transactions will not include employee ETP values.

Death benefit:

Indicates whether a termination payment is due to the death of the employee.

Death benefit type:

When an employee is terminated using one of the 'Death' termination types, the employee's pay is taxed relevant to the selected termination type. This field is updated when the pay is closed. For more information, see Termination Reasons - Details.

Final pay upon death:

Displays the total of all transactions with Override type = "Death" (see Transaction Entry - Taxation Overrides (Aus)). When you open the first pay period of a new YTD, PayGlobal will 'zero' the Final pay upon death field along with the other YTD accumulators.

Payment amounts for death termination payments and payments made after a death termination payment are not included in the Payment Summary reports for the employee. However, these amounts are included in the PGPRPRIM004 and PRPREMPL007 reports in the non-taxable and gross amount values to ensure that all payments can be reconciled correctly.

Leave loadings:

The total amount of leave loading paid to an employee for the employee's annual leave anniversary period. This value is used to determine when the threshold has been reached in determining the tax free component on paid annual leave loading.

RFBA:

Reportable Fringe Benefits are certain fringe benefits provided to employees, where the ‘grossed up’ taxable value of the fringe benefit (or the notional value in the case of quassi fringe benefits) exceed a specified threshold/cap.

If you wish to display an employee's total RFBA value on an employee grid report, or displaying in ESS then you will need to run the FBT Calculation.

Please note this field is no longer used reporting RFBA on Payment Summaries.

F5 Key

When you press the F5 function key on these fields, the Field Value for the last closed pay is not updated until the next manual pay that the employee is paid in is closed or the next standard pay for the employee's pay period is closed.