How do I ensure the EOFY bonuses I'm paying are filed in this FY23-24?

If you want your filing to fall neatly in the 23/24 financial year, here is how to get the EOFY bonus right.

Updated: February 2024

Bonuses are a wonderful way to show appreciation or to celebrate success at the end of the financial year. Depending on the pay day of the bonuses, this transaction could spill into the new financial year.

To keep the filing in the FY23-24, we need to process your pay on 28th March for a pay day on the 29th March. Same-day pay is not available on Good Friday (29th March).

A pay day after this will be processed and filed in April.

Links to further information:

You might find the following information useful:

• Calculate PAYE for a lump sum payment  - Inland Revenue Department
• Paying a Bonus article - Thankyou Payroll Help Centre

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