Why isn't contribution tax showing in the "Allocate Benefits to Members" screen?
The fund policy for "Defer Member Tax" is set to "No". This indicates the benefit allocation has already occurred when the contribution is processed, it is not done at period update.
A member has made a contribution of $22,691 and an employer contribution of $2,309 in FY19.
The benefit opening balance as per "Allocate Benefits to Members" is $1,293,129.05
As the fund policy set Defer Member Tax as "No" as per below screenshot:
The information is shown in the Member Statement.
$1,293,129.05 (Balance before allocation) - $1,271,879.05 (Withdrawal benefits during the year) = $21,250 (which is $25,000 - $3,750).