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In Australian databases, the Loading cash-out allowance field specifies the allowance that PayGlobal uses to pay out leave loading on cashed out annual leave. This leave loading must be paid out using marginal rates calculations.
If you want to use this field, then you must set up the relevant annual leave cash-out and leave loading cash-out allowances correctly. PayGlobal must be able to reference the leave loading cash-out allowance from within the annual leave cash-out allowance.
When you set up an annual leave cash-out allowance, the Loading cash-out allowance field is enabled only when the allowance has the following settings:
Field |
Value |
Type |
L. Annual Leave |
Paying |
Yes |
Tax override |
Yes |
Tax override type |
Bonus |
The Loading cash-out allowance field displays only allowances with the following settings:
Field |
Value |
Type |
A. Allowance |
Paying |
Yes |
Tax override |
Yes |
Tax override type |
Bonus |
Annual leave cash-out scenarios
If the annual leave cash-out allowance contains a Loading cash-out allowance with Calculation method = "K. Leave Loading using AL table Calculation", then PayGlobal will check the employee’s Annual Leave Table to determine the percentage for the leave loading cash-out transaction. If the Annual Leave Tables | Values tab does not contain % of entitled value and % of pro-rate value settings, then no leave loading is calculated for the cash-out transaction.
If the annual leave cash-out allowance contains a Loading cash-out allowance with a Calculation method that is not "K. Leave Loading using AL table Calculation", then PayGlobal will calculate leave loading based on the calculation method of the Loading cash-out allowance.
If the annual leave cash-out allowance does not contain a Loading cash-out allowance, then PayGlobal will use the Annual Leave Tables | Values tab | % of entitled value and % of pro-rate value settings. If the % of entitled value and % of pro-rate value fields are blank, then no leave loading is calculated for the cash-out transaction.
When you set up annual leave cash-out allowances, we recommend that you create:
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Topic: 30696
