Final Assessment – Q11

[Kat]

I received feedback saying that Peter is not at preservation age so I needed to recalculate the tax portion of the ETP.

MYOB has his date of birth as 9/10/1955 which makes him 62 (63 at the ‘date’ he’s terminated).

The preservation age in the termination manual (page 32) says anyone born before 1/7/1960 has a preservation age of 55.

Am I missing something? He’s well over the preservation age.

Thanks

[Janelle BruzzeseModerator]

Hi Kat

Could you please raise a support ticket using your full name and this issue.

We will look into this for you as I know there is a couple of versions of the MYOB file supplied.

https://www.appliededucation.edu.au/contact-applied-education

Thanks

[Kat]

Thanks Janelle,

I’ve done that

[Louise Martin]

Is there anyone that can please help me with Chapter 3.2 in FNSPAY503 Assessment1

I just need someone to simply explain to me the caps especially with a figure over the 180k

Thank you Louise

[Janelle BruzzeseModerator]

Hi Louise

I have replied to your ticket, have a look at my response and reply if required to it.

Thanks

Janelle