SteveHneedshelp's avatar
SteveHneedshelp
Cover User
10 years ago
Status:
Open

Payroll: Superannuation category calculate based on hours (under 18 year old)

Superannuation guarantee Payments in Australia must be paid for all employees (there are some minor exceptions)  that are paid $450 or more in any calender month .

 

However if the employee is under 18 years of age they must also ( in addition to the $450 requirement) work at least 30 hours per week . This 30 hour requirement is confirmed by both "Australian Tax Office " and " Fairwork Australia"

 

MYOB does not have the 30 hour requirement in the algorithm , and as a consequence my business which employees a large number of junior casual staff has been paying superannuation unnecessarily . (Over $2,500 in the last two years)

 

I run MYOB Accountright Plus with the latest updates

 

MYOB product specialist agrees the 30 hour test is not in their software.

 

This issue can be worked around by "de checking "  superannuation in the card file and reinstating if the employee works 30 hours , but this is not the type of activity that should need to be done.

 

I suggest MYOB correct their software

 

'MYOB AccountRight Plus does not treat Superannuation correctly"

Payroll

17 Comments

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  • ASWatCR's avatar
    ASWatCR
    Partner
    9 years ago

    MYOB - when you are considering this, can you also consider the super maximum contributions base - for those people lucky enough to earn that amount of money and only need to pay 9.5% on the max base (ie approx $200k indexed every year x 9.5%).

     

  • Kerrin28's avatar
    Kerrin28
    Partner
    9 years ago

    Is there any idea when this will be implemented?  Very frustrating, I also have clients who have been overpaying and the manual process is time consuming. 

    I wonder how many people aren't even aware of the 30 hour per week rule.

    I only found out about it because my 16 year old daughter started working for Woolworths and they didn't pay the super.

     

    Hopefully this is updated in next upgrade

     

    Kerrin

     

     

  • Steven_M's avatar
    Steven_M
    Former Staff
    9 years ago

    Hi SmithyUpdates

     

    Thank you for your feedback in regards to this idea

    Currently this idea has been marked as Under Consideration as something that we are still considering investigating adding in later versions of the software. At this stage we don't have direct time frame or update number when this particular idea will be marked for development and included in the program. However we are still encouraging clients that would like to see this idea included to vote, and comment if required, for this idea.

  • SmithyUpdates's avatar
    SmithyUpdates
    Partner
    9 years ago

    Does anyone know if this will be included in upcoming updates? It has been over a year now since this post and I cannot find a way to exclude under 18yo employees who do not work 30 or more hours from superannuation accrual.

     

    In addition, it would be good to have an age limit for superannuation accrual, so the super will begin accruing when the employee turns 18 and is earning over the $450 gross threshold a month.

  • interAccounts's avatar
    interAccounts
    Valued Partner
    10 years ago

    I agree, something needs to be done so that we aren't paying super unncessarily.

     

    Having the employee's age on the payroll window would also help us identify the correct super contributions and their pay rates are correct.

  • Liam_M's avatar
    Liam_M
    Former Staff
    10 years ago
    Status changed:
    New
    to
    Open

    Thanks for your suggestion SteveHneedshelp. Anyone else who would like to be able to automatically exclude employees under the age of 18 who work less than 30 hours a week from superannuation calculations, please cast your vote here.