Salary Sacrifice Superannuation

Louise678

I have a casual employee who wants to salary sacrifice 100% of each weekly pay. I will set this up per the Setting up salary sacrifice superannuation info page. We use the myob super portal for our monthly super contributions. We use STP 2 for reporting.  My question is will I need to do a weekly transfer through the super portal for this employee? Or will each weeks contribution be accumulated for this employee in the super portal in addition to his Super Guarantee? Meaning I could still do monthly super payments . I have not had a salary sacrifice employee before and I am not sure how the actual payments work. Any help/explanation would be appreciated. I am also wondering about allocating these SS payments . Will they need to be allocated separately from the normal SG payments. ????

Shella_A

Hi @Louise678,

 

Thank you for your post. 

 

If an employee wants to sacrifice some of their pay to go to their super fund, this will be a before tax deduction. If they want money deducted from their net (after tax) pay for super, see Additional superannuation contributions for more information. You may also have a look at this help article setting up salary sacrifice superannuation that has detailed information and instructions to assist with this. 

 

If you need further help, don't hesitate to start a new post and we'll be happy to assist. 

 

 

Otherwise, if my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information. 

 

 

 

Cheers,

Shella