The 2021 financial year will have 27 fortnight pays instead of the usual 26. What this means is that the extra pay will increase your total income and may result in not enough tax being withheld. So, you may need to contact your payroll to have additional tax withheld.
In addition, if you contribute up to the Superannuation guarantee limit then you may inadvertently breach the cap, so you will need to review your contributions to ensure you do not. Contact your bookkeeper or tax advisor for more information.
Below a calculation of Extra withholding amount
Fortnightly earnings Additional withholding $1,400 to 3,399 $12
$3,400 to 6,899 $17
$6,900 and over $37
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