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August 2019
August 2019
Hi there,
I have processed a payment for a casual employee last week, the wage was $330.00, the superannuation should be 330.00X9.5%, bust it was zero in the payroll . I have checked this employee's payroll details. Everything is fine.
I am just wondering how to fix up this problem. Thank you!
Kind regards,
Sharon Zeng
Solved! Go to Solution.
August 2019
August 2019
Hey @minghua,
Thanks for the post.
Has the employee been paid $450 or more in the last month (July)?
Cheers,
Maxine
MYOB Community Support
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August 2019
August 2019
Welcome to the MYOB Community Forum, I hope you find plenty of useful information.
As @Maxine_BC is saying, Super is calculated on the gross amount paid every month once the threshold has been reached.
Until the threshold is reached no super is allowed for.
So if this is the first pay in August and the gross was below the threshold no super would be calculated.
When the threshold is reached then super will be calculated on the total gross for the month up to that date.
So first pay of the month $330.00 gross = no super, 2nd pay $330.00 gross net gross for month = $660 super calculates $660.00 x 9.5% = 62.70, 3rd pay of month $330.00 gross super calculate on that pay only so $31.35.
Start a new month and the Super calculates start all over again i.e. nothing until threshold is reached.
August 2019
August 2019
Hi Graeme,
I got it. Thank you very much!
Have a great day!
Kind regards,
Sharon Zeng
August 2019
August 2019
Hey @minghua,
I am happy to hear that this is all sorted for you now. Please feel free to post again if you have any future queries.
Thank you @GDay53 for expanding and giving that explanation. It was written in a way that will greatly benefit community forum users.
Cheers,
Maxine
MYOB Community Support
Online Help| Forum Search| my.MYOB| Download Page
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