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What happens when there are 27 fortnightly pays in a financial year?

April 26, 2017financial fortnightly happens pays year

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What happens when there are 27 fortnightly pays in a financial year?

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In some years you may pay your payees 27 times instead of the usual 26. As the fortnightly calculation within TWC is based on 26 pays, the extra pay may result in insufficient tax being withheld. Payers are asked to tell their payees when this occurs.