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MFreer_FC's avatar
MFreer_FC
Experienced User
2 years ago
Solved

Superannuation Guarantee above minimum SG

Hi All,

 

We pay SG at 1% above the min and have a created a card (see below). My question is, when the increase happens on 1/7/23, can I just change the percentage in this card or will I need to create a new one?

 

 

Thanks in advance.

MFreer_FC

 

  • Earl_HD's avatar
    Earl_HD
    2 years ago

    Hi MFreer_FC 

    Thank you so much for your post. No need to create one, if you will have the superannuation guarantee at 10.5% you'll need to change the percentage and edit the payroll category name.

    Feel free to send me a private message if you have questions. 
    Regards,
    Earl

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  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    2 years ago

    Hi MFreer_FC 

    Yes that change will only take effect on the next pay run.

    Regards,
    Earl

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    2 years ago

    Hi MFreer_FC 

    Thank you so much for your post. No need to create one, if you will have the superannuation guarantee at 10.5% you'll need to change the percentage and edit the payroll category name.

    Feel free to send me a private message if you have questions. 
    Regards,
    Earl

  • MFreer_FC's avatar
    MFreer_FC
    Experienced User
    2 years ago

    Hi Earl_HD 

     

    Thank you for your reply.

     

    And this change will not impact past payslip?

     

    Also, does that also mean that if we change an afternoon penalty loading I can do the same, just change the category and multiplier without creating a new payroll category?

     

    Thanks

    MFreer_FC

  • MFreer_FC's avatar
    MFreer_FC
    Experienced User
    2 years ago

    So does that mean I coud do that with all other payroll categries as well if they are no longer needed?

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