Super on leave loading
I have noticed a SG 10.5% Leave Loading category appear. I got a payroll person to check my payroll for STP2, so not sure if they have done this, or MYOB have added?? Anyway, I noticed that it w...
Forum Discussion
Something is not right.
The SG is set up for 10.5% of gross wages. Correct.
The SG 10.5% on Leave loading, was set up to 10.5% of Leave Loading. This added 10.5% on top of SG 10.5%. So we paid too much. Because leave loading is also included in gross wages.
I changed SG LL to minimum required amount, but then that showed double amount when doing pays.
If we are to show 10.5% super on leave loading as a separate item on payslip, What do we set the SG 10.5% to ? eg to exclude the leave loading component.
Does this make sense now?
Thanks for those screenshots. To prevent super from accruing on leave loading twice you would need to exempt it from calculations in the Superannuation G 10.5% payroll category by clicking on Exempt and ticking the leave loading payroll category.
It might also be worth checking if it needs to be shown separately on payslips. I can't advise on what is correct for your business but generally leave loading is separate and the super amount is included in the SGC accrual. Just thinking it would make it a lot easier if you only need to use one SGC payroll category.
Please let me know if you need further help.
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