Forum Discussion

Nicole_17's avatar
Nicole_17
Member
10 months ago

Maximum Contributions Base for SG

Is there a way in MYOB so that as part of the SG calculations MYOB reviews if the Maximum Contributions Base for SG is reached and then stops calculating SG on further wages.  Its my understanding SG has to be calculated on all wages until the cap is reached (so I cant just split each pay amongst two codes so that the quarterly figure will be correct).  At the moment it involves checking the quarterly wages reports then adjusting payroll run after the cap is reaches so that SG isnt calculated but this is a step that could easily be missed.  I would think there should be a tick box that woudl allow for this but I cannot see one.  

 

#SGcontributionsbase

1 Reply

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    10 months ago

    Hi Nicole_17,

    Currently, there isn’t a setting in MYOB to automatically stop calculating SG once the Maximum Contributions Base is reached. You’re correct that SG has to be calculated on all wages until this cap is met, and currently, the process involves manually checking quarterly wage reports and adjusting payroll as needed.

    Regards,
    Earl

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