Forum Discussion

Extreme1's avatar
Extreme1
Contributing User
30 days ago

Paying Commission inclusive of super

We have an employee who receives a quarterly bonus which is inclusive of the statutory 11.5% superannuation.  How do I set this up in payroll so that the net pay is calculated as below 

Gross Bonus $2,500

Less PAYG  $930

Less Super $287.50

Net Pay $1282.50

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator

    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

    • Extreme1's avatar
      Extreme1
      Contributing User

      Thank you for the reply.

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