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Xero - STSL Component in PAYG withholding tax section

  • Member in Practice
  • Practice Certificate
  • 14 posts
  • # 117871

Hi there,

Xero payroll has generated additional PAYG WHT section for one of the employees in my pay run with label "STSL Component". I have no idea what is is. Could anyone please tell me what is it and why it was generated. I can understand "manual adjustment" but never heard of STSL component.

Thank you.

Mattie

  • Fellow in Practice
  • Practice Certificate
  • 35 posts
  • # 117877

Hi Mattie,

I don't use Xero, but the STSL is the new Student and Trade Study Loan that from the 1/7/19 replaces the HELP and SFSS loans:

https://www.ato.gov.au/individuals/study-and-training-support-loans/

 

Regards,

Vija

Reckon Accredited Consultant

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