GPNZL: STC Tax On Retirement / Redundancy Earnings
(Doc ID 2473706.1)
Last updated on FEBRUARY 05, 2019
Applies to:
PeopleSoft Enterprise HCM Global Payroll New Zealand - Version 9.2 and laterInformation in this document applies to any platform.
Symptoms
On : 9.2 version, Legislative
ACTUAL BEHAVIOR
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When an employee is assigned tax code STC and their service is terminated due to retirement or redundancy then then the retirement / redundancy payments are not included in the STC tax calculation
EXPECTED BEHAVIOR
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All earning should be calculated per STC tax rate defined.
STEPS
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The issue can be reproduced at will with the following steps:
1. Enroll employee into STC Tax and define Pay Tax Rate.
2. Terminate employee in mid period.
3. Process calendar and review results.
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |
| References |