Employee Addition Super

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
ChrisyJones
Trusted Cover User
28 Posts
Trusted Cover User
Australia
Trusted Cover User

28Posts

10Kudos

2Solutions

Solved: Go to Solution

Employee Addition Super

I have an employee who make Additional Super payments on his gross earning which should reduce his tax.  It worked well until i upgraded to STP and now no matter what i try i cant get the system to recognise the pre tax deduction.

How do i get the system to recognise the deduction so it reduces the tax?

4 REPLIES 4
GDay53
Ultimate Partner
2,594 Posts
Ultimate Partner
Australia
Ultimate Partner

2,594Posts

1,047Kudos

569Solutions

Re: Employee Addition Super

@ChrisyJones

 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

 

I assume the extra Super payment iyou are refering to is a Salary Sacrifice for it to reduce the PAYG. If it was just extra Super then it would not reduce the PAYG.

For STO you need to make sure you have it set up in Superannuation Wage Categories like this;

Salary Sac.PNG

 

 

 

 

 

 

 

If my response to your query and has helped, please mark my post as a solution to help others in the future.
Graeme Day
Registered BAS Agent #24745540
Gralord Enterprises Pty Ltd
Mobile: 0402 841 627
graemeday@optusnet.com.au
MYOB Certified Consultant
MYOB Diamond Partner
ChrisyJones
Trusted Cover User
28 Posts
Trusted Cover User
Australia
Trusted Cover User

28Posts

10Kudos

2Solutions

Re: Employee Addition Super

Hi Graeme,

 

So to clarify, i now cant use Employee Additional Super as i had been.  Now with STP i need to set the employee up as Salary Sacrafice only and this will allow me to choose a ATO Reporting Catagory and will show on my reports for reporting super, is this right?

 

Thanks Chrisy

GDay53
Ultimate Partner
2,594 Posts
Ultimate Partner
Australia
Ultimate Partner

2,594Posts

1,047Kudos

569Solutions

Accepted Solution Solved

Re: Employee Addition Super

@ChrisyJones

 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

 

If a employee wishs to reduce their PAYG then any additional Super they pay is a Salary Sacrifice not Employee Additional. And it should be treated as a R.E.S.C. for STP.

The Employee Additional has always been used for after tax amounts so it is Not Reportable in the STP.

 

If my response to your query and has helped, please mark my post as a solution to help others in the future.
Graeme Day
Registered BAS Agent #24745540
Gralord Enterprises Pty Ltd
Mobile: 0402 841 627
graemeday@optusnet.com.au
MYOB Certified Consultant
MYOB Diamond Partner
ChrisyJones
Trusted Cover User
28 Posts
Trusted Cover User
Australia
Trusted Cover User

28Posts

10Kudos

2Solutions

Re: Employee Addition Super

Thanks Graeme,

 

After many calls and hair pulling you have solved my issue, i really appreciate it.

 

Cheers 

Chrisy

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post