Forum Discussion

PeterApeirogon's avatar
PeterApeirogon
2 years ago

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%...
  • Doreen_P's avatar
    Doreen_P
    2 years ago

    Hi PeterApeirogon 

     

    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

Doreen_P's avatar
Doreen_P
MYOB Moderator
2 years ago

Hi PeterApeirogon 

 

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

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