Super category - set up to limit

sprint60
3 Posts
Cover User
Australia
Solved: Go to Solution

Super category - set up to limit

Is there a way to set up a super category so it only calculates super up to 38 hours per pay period, as we dont distinguish overtime but would like to only pay super for the nominal hours per week

2 REPLIES
MYOB Moderator Neil_M
4,477 Posts
MYOB Moderator
New Zealand
Accepted Solution Solved Solution

Re: Super category - set up to limit

HI @sprint60

 

Welcome to the MYOB Community Forum, I hope you find it a great resource.

 

Within the AccountRight, currently the only limits that can be set are either a set dollar amount per pay period or a percentage of a specific wage category. If you were wanting to have a hard limit for the superannuation for that employee, you could work out the superannuation dollar value for the nominal hours and set the limit based on the calculation.

 

This workaround would mean that unless every employee worked the same number of nominal hours with the same wage rate, you would need to have separate wage categories for each employee who either has a different hourly amount or works a different number of nominal hours.

 

Please do feel free to post any other questions that you may have



Kind regards,
Neil
MYOB Client Support
Ultimate Partner ronatbas
3,620 Posts
Ultimate Partner
Australia

Re: Super category - set up to limit

@sprint60 @Neil_M

 

Fairwork control wages but ATO control super - should you ever have a an ATO audit, for whatever reason, they will go through your payroll and investigate amounts that do not equal 9.5% of Gross Wages. If you can evidence these as overtime then they will not take any action. On the other hand if you are going to set up a system has no overtime and a mismatch of SGC and Gross they will ask lots of questions and their standard penalty is 200% of amounts owed.

Withstanding that you limit super payments by limiting the hourly categories that is seen as attracting super. You can set up a wages category that is Additional Hours for hours in excess of 38. Under super you then need to Exempt Additional Hours before calculating Super.

Ron B
BAS Group
03 95588477

info@basgroup.com.au
Making MYOB work for you
Didn't find your answer here?
Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post