Forum Discussion

deigenma's avatar
deigenma
User
3 years ago

Used 9.5% SG rather than 10% in FY22

I just realised that I paid myself (sole employee) 9.5% SG rather than 10%. For some reason I assumed MYOB had automatically updated the SG percentage. Any way I can correct this for the FY22 period...
  • gavin12345's avatar
    gavin12345
    3 years ago

    Hi deigenma 

     

    You will need to manually calculate the difference then process a payroll as per normal, change pay and accrual amounts to $0 and manually enter the SG amount. Report pay as per normal. Pay the super fund.

     

    Check this is set to 10.5% for post 1 July payments.

     

    Regards

    Gavin

gavin12345's avatar
gavin12345
Ultimate User
3 years ago

Hi deigenma 

 

You will need to manually calculate the difference then process a payroll as per normal, change pay and accrual amounts to $0 and manually enter the SG amount. Report pay as per normal. Pay the super fund.

 

Check this is set to 10.5% for post 1 July payments.

 

Regards

Gavin