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May 2019
May 2019
I have a client who have a max super amount per fortnight of $166.06 (which is 76 hours x $23 = $1,748)
I have that set up as per the attached and that is working fine
However, when they work under the 76 hours, it's calculating incorrect ($8.52 out for one employee and $6.12 for the other) - as shown in the attached
What have i missed in the set up? They are fortnightly staff
Thanks,
Solved! Go to Solution.
May 2019 - last edited May 2019
May 2019 - last edited May 2019
I'm having a similar issue......
Had a 'moment' when I panicked about last week's payroll. They were all good - correctly calculated at 9.5%.
31 employees - today's payroll....super is all over the place. Have checked my settings. All good.
Have checked MYOB's 'Checking and adjusting superannuation' guide (just in case I was missing something) - all appears to be exactly as it should be. Have shut down and restarted....error is still there.
Can MYOB please advise? Is this a known issue?
Thanks.
May 2019
May 2019
Superannuation is calculated on a calendar month by month basis using the payment date to determine the month. Typically, I would probably go so far as saying ALL the cases, when superannuation is calculating a different amount (i.e. not 95.% of that pay) it is trying to backdate the amount from a previous pay to make it 9.5% for the month.
What I would recommend doing to everyone that is finding that their superannuation is not calculating as they would expect is:
In your case, I would have it a guess that the difference is $8.52 for that employee, hence when you are doing that $0.00 pay you have an $8.52 for that superannuation category. This is likely to come about by that limit you have on the superannuation category. Limits are set on a per pay basis, whereas the calculation basis is based on a monthly basis.
So what is occurring: say the employee was paid $2,000 in their first pay, the superannuation calculated is $190 (2,000 x 9.5%), however, the limit that you have set is indicating that only $163.06 should be paid. This does mean that $26.94 (190 - 163.06) is not being calculated and thus when an employee is being paid less one week in that calendar month, say $500, the superannuation value is going to be $74.44, which is a combination of the 47.50 (500 x 9.5%) and the residual amount still to be paid of the month ($26.94). This is an example to give you an idea on how the system will operate with limits set.
Personally, I would be looking at removing that limit so that when the employee is paid extra extra superannuation is being calculated and you are not carrying that across to another pay. If the calculation basis and threshold values are set correctly typically a limit is not required in most cases.
May 2019
May 2019
Thanks Steven. I've set up things differently to get around this. Taken out the limit, included a line 'extra hours' that are exempt from super. This way, base hours will always be 76 and max super $166.06
Thank you
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