Reportable Employer Super Contributions - STP

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Reportable Employer Super Contributions - STP

Hello

We provide for employee salary packaging which is done through a third party.   The third send us a report at the end of the FBT year for reportable fringe beneifts and reportable employer super contribution figures to be input into payment summaries.  This was fine with the old system as you could manully enter an amount for RESC.    It appears you cannot do in STP.  Any advice please!  

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MYOB Staff Post
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Re: Reportable Employer Super Contributions - STP

Hi

Setup the employee to use salary sacrifice super under the superannuation tab and allocate to RESC for ATO category

Create a payrun at 30/6/20

If RESC is $10000

then Base Salary = $10,000

Salary Sacrifice Super = -$10,000

no paygw

SGC normally is paid on the base salary

 

Then lodge the STP payevent

This will update the YTD figures for the employee

 

Kind regards

Chris

Cheers,
Chris M

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Re: Reportable Employer Super Contributions - STP

Hi Chris

Thank you for the prompt reply.

My concern is that if i process the suggested payrun i will increase the employees gross salary amount by $10,000.

The amount of the RESC is for the fringe benefit year.  We receive a report from our salary packaging provider  noting this is the amount to be reported on the payment summary.   Prior to STP we could manuall enter the RESC when preparing the payment summaries.  

The ATO suggested i contact you first with the other option being to 1) finalise the STP and 2) prepare a payment summary and file soley for the RESC amount and upload to the ATO Business portal as we did when issuing paper payment summaries.  

Any advice is much appreciated,

Cheers 

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MYOB Staff Post
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Re: Reportable Employer Super Contributions - STP

Hi

Ok, then its not RESC but RFBA

If you go to the payroll reporting centre

EOY finalisation

select one of the employees for the RFBA and click on the 3 dots

you can enter the RFBA 

 

Kind regards

Chris

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Chris M

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Re: Reportable Employer Super Contributions - STP

Hello Chris

This is the email text I received from our third party salary package provider relating to RESC.   The Reportable Fringe Benefits for the FBT year I can manually enter through STP - through the 3 dots as you indicated. 

 

I am having issues with reporting the RESC amount.  

Please find attached your Reportable Employer Superannuation Contributions report for 2020.

The report is for the period 1 July 2019 to 30 June 2020 (financial year).

The report summaries the salary sacrifice superannuation contributions paid through Packaging.

The value must be included on the 2020 Payment Summary.

employee 1.  $17,000

employee 2.  $3,000

 

If i put through the payrun you originally suggested, won't this increase the employees gross amount which will then be inaccurate? 

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MYOB Staff Post
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Re: Reportable Employer Super Contributions - STP

Yes you are right.

RESC needs an amount to sacrifice hence $10000 wages $10000 RESC = zero pay not tax

I assume you have not put through a salary sacrifice any time during the year, which is not technically right.

Maybe go back to the salary package service and explain if you just add RESC then there is a difference in the payrun

Explain STP is different and requires the RESC to be added through the payroll

See how you go

Thanks Chris

Cheers,
Chris M

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Re: Reportable Employer Super Contributions - STP

Hello Chris
Sorry to be a nuisance but can i bother you one more time.  

Our packaging provider gives us the amount to be deducted from the employee’s gross for the fortnightly payrun. It is a total amount that consists of fringe benefit expenses and/or salary sacrifice. There is no breakdown to distinguish between the two so it has been entered throughout the year as follows.

Salary Packaging Advantage – MC      2-1241 Salary Packaging Clearing      -600.00               ATO Reporting Category – Not reportable

 

Could I create a new payroll category
Salary Sacrifice Super                          2-1241 Salary Packaging Clearing                                   ATO Reporting Category - Reportable Employer Super Contribution

Then process a payrun for 30 June 2020 – zero value
Salary Packaging Advantage –MC      2-1241 Salary Packaging Clearing      17,000                  ATO Reporting Category – Not reportable
Salary Sacrifice Super                          2-1241 Salary Packaging Clearing    -17,000                  ATO Reporting Category - Reportable Employer Super Contribution

 

Going forward I will request that the packaging provider give us a breakdown of any salary sacrifice super for fortnightly reporting.

 

Kind regards

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MYOB Staff Post
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Re: Reportable Employer Super Contributions - STP

Hi

Yes that is making sense now

So if you run that zerp payrun and debit salary packaging and credit salary sacrifice super.

this will fix your problem

 

Only change to make is that the salary sacrifice super should be allocated to super payable as this amount need to be paid to the super fund.

 

Thanks Chris

Cheers,
Chris M

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