Super guarantee rate
Why super rate is 10.56% when I selected minimum required rate (10.5% of gross payments)? Because I got rate 10.56% by used the figure of super on the payslip divided by the gross payments. not 10.5%. I don't know why. It should be 10.5%.
Thanks for your post and Welcome to MYOB Community Forum.
Since you already selected the Calculation Basis of Minimum Required Rate (10.50% of Gross Wages) but when you checked the pay slips it is calculated as 10.56% when it should be 10.5%. Kindly send a screenshot of how your superannuation category set up. Make sure sensitive information is removed before posting in the Forum. Also, if you can process a dummy pay run and check if the superannuation is still calculated as 10.56%. You can check The Help Article Superannuation as it will provide with any available information.
Best regards,
Doreen
