Forum Discussion

BooksForBiz's avatar
BooksForBiz
Experienced Cover User
10 months ago

Salary Packaging and SG

Hi,

 

I have a client operating in the NFP sector who have Salary Packaging arrangements (NOT to super).  These deductions are not subject to SG.  I cannot find anywhere to exclude these deductions from the SG calculation??

 

TIA!

2 Replies

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    10 months ago

    Hi BooksForBiz,

    SG calculations can be a bit of a puzzle sometimes—thanks for bringing this up! Right now, there isn’t a direct way to exclude deductions like Salary Packaging (not heading to Super) from SG calculations in the system. Only wages can be flagged as exempt for SGC calculations.
     

    For situations like this, you’ll need to manually calculate the super based on the net pay. If you’d like to know how to set wages as exempt, feel free to check out the steps here.

    Regards,
    Earl

  • BooksForBiz's avatar
    BooksForBiz
    Experienced Cover User
    10 months ago

    I know how to set up exempt wages but that is going to be a nightmare as the values change every week and are advised by a third party.  There are 97 effected employees.  I will need to find another platform.

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