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Wendy2018's avatar
Wendy2018
Trusted User
11 months ago
Solved

Super cap

Hi, We have an employee who has almost reached the Super cap of $27500. He doesn't want me to pay the super on his final bonus as this will put him over the cap for 2022-2023 until July (which I wou...
  • Genreve_S's avatar
    Genreve_S
    11 months ago

    Hi Wendy2018, 

     

    Thanks for reaching out. 

     

    If the payment for the final bonus would be recorded on July 1 it would be recorded for the next financial year. I would suggest that you speak with your financial advisor as we are not able to provide any financial advice. 

     

    If you have any other questions or concerns feel free to let us know. 

     

    Cheers, 

    Genreve

Genreve_S's avatar
Genreve_S
MYOB Moderator
11 months ago

Hi Wendy2018, 

 

Thanks for reaching out. 

 

If the payment for the final bonus would be recorded on July 1 it would be recorded for the next financial year. I would suggest that you speak with your financial advisor as we are not able to provide any financial advice. 

 

If you have any other questions or concerns feel free to let us know. 

 

Cheers, 

Genreve

  • Wendy2018's avatar
    Wendy2018
    Trusted User
    11 months ago

    Thank you for your answer.