Cannot adjust Student Loan Deduction for the Special Deduction Rate on secondary earnings

Legacy KB ID: 4885

Question

Question

How can I adjust Reckon Accounts Business charging of Student Loan Deductions for the Special Deduction Rate on Secondary Incomes?

Answer

Reckon Accounts Business 2013 is set to charge Student Loan Deductions at the standard rate.  There is no facility to automatically apply a different rate. 

Workaround

Manually adjust the Student Loan Deduction amount to the manually calculated reduced amount of the Special Deduction Rate on secondary earnings.

For more information on the Special Deduction Rate, see the IRD website at: https://www.ird.govt.nz/studentloans/payments/compulsory/salary-wage/repay-spec-ded/