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Belinda33's avatar
5 years ago

Unused RDO's not accruing superannuation

Wonder if anyone can help out with this question. When entering a final pay with Unused RDO's with ATO Reporting Category 'ETP - Taxable Component' and not ticked as superannuation guarantee exempt -...
  • Neil_M's avatar
    5 years ago

    Hi Belinda33 

     

    Within AccountRight there’s a couple of different reasons why the superannuation figure may not calculate on a pay item that isn’t marked as exempt from the superannuation guarantee payroll item.

     

    The first is that the amount of superannuation that has been earned for the month is equal to or exceeds 9.5% of the eligible wages of the month. As AccountRight calculates the superannuation on a monthly basis, if the amount of superannuation for the month was more than 9.5% of the eligible wages for the month then there would be no super on the pay.

     

    For example lets say the total eligible wages for the month including the pay come to $1,000. If the amount of super earned for the month was greater than $95 prior to the last pay in the month, there would be no super as its already at or above 9.5% of the eligible wages.

     

    The other possibility worth looking into is if this is the total amount of eligible wages for the month, including this pay is under the superannuation threshold. As there needs to be a minimum amount of wages earned before the amount of superannuation will start to calculate.

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