Paying Commission inclusive of super

Hey there Extreme1,

To set up a quarterly bonus in payroll that includes the statutory 11.5% superannuation, follow these simple steps:

• Create a Bonus Pay Item: Set up a new pay item for the quarterly bonus in your payroll system.
• Include Superannuation: When setting up the bonus pay item, ensure that the superannuation component is included.
• Calculate PAYG Withholding: Determine the PAYG withholding amount for the bonus.

You can also check this link for detailed steps when processing a bonus in payroll.

Best regards,

Doreen

Thank you for the reply.

Can anyone with MYOB knowledge let me know how to set this up?