Forum Discussion

Nicole_17's avatar
Nicole_17
Member
8 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...
#SGcontributionsbase
Earl_HD's avatar
Earl_HD
MYOB Moderator
8 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

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.