Document ID: chunk:federal_register_of_legislation:F2024L00664:clause:5_7
Version: federal_register_of_legislation:F2024L00664
Segment Type: clause
Provision Reference: sch 5 cl 7
Character Range: 133714–135853

7     Add the HELP withholding on the additional payment (step 5) to the withholding on Robyn's gross earnings (step 6) to work out the withholding for HELP for the current period.                                                                   $20
        = $12 + $8

Calculate the total PAYG withholding amount for the current pay period.

Add the amounts to be withheld:

    * PAYG withholding on gross earnings in the current pay period = $208
    * HELP withholding on gross earnings in the current pay period = $12
    * PAYG withholding on additional payment = $264
    * HELP withholding on additional payment = $8

The total PAYG withholding is $492 ($208 + $12 + $264 + $8).

Example 2 uses:
    * Study and training support loans weekly tax table effective from 1 July 2024
    * Schedule 1 - Statement of formulas for calculating amounts to be withheld (containing the amounts, formulas and procedures that were last updated on 1 July 2024). The calculations are made using scale 2, with tax-free threshold.
Example 3: Withholding from a lump sum payment in arrears using Method B(ii)

Laura is employed by Minercorp Pty Ltd and receives a fortnightly salary of $1,800. She is entitled to an allowance from her employer when working in remote areas. In 2022, Laura worked in a remote area for six months, but she was not paid this allowance. The total allowance that she should have been paid for this period was $2,480. Her employer discovers their oversight and agrees to pay her the $2,480 as a lump sum payment in arrears on 10 November 2024. Her gross earnings for pay period 10 is $1,800.

Laura has received normal earnings (year to date) of $18,000 including the current pay. The amount Laura's payer must withhold from this payment is calculated using Method B(ii) as follows:

Method B(ii) instruction – for Example 3
Step  Instruction                                                                                                                                                                                                                                                                            Result