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Paying Superannuation on less than $450.00 per week

Experienced Cover User traceydncm
12 Posts
Experienced Cover User
Australia
traceydncm
Experienced Cover User

12Posts

1Kudos

1Solutions

Paying Superannuation on less than $450.00 per week

We have a casual employee earning $25.00 per hour working approx. 6 to 12 hours a week.  When completing his weekly payroll record it is not showing a superannuation payment.  Is it because it is under $450 per month in the first week.

If that is the case do I have to manually enter each week the superannuation amount according to hours worked.

Appreciate any help :-)

2 REPLIES
Ultimate Partner DuncanS
1,658 Posts
Ultimate Partner
Australia
DuncanS
Ultimate Partner

1658Posts

1345Kudos

146Solutions

Re: Paying Superannuation on less than $450.00 per week

@traceydncm

 

You are correct that MYOB will not calculate SG in week 1 as SG is less than the monthly threshold of $450.

 

My understanding is MYOB will automatically calculate SG once the $450 is reached.

A manual input is not required.

 

From your figures, I understand your employee lowest pay is $600 in a month.

 

In preparing payment of SG, I cross reference the Payroll Report to the P&L.

 

Duncan  

Duncan Smith
Business Advice + Tax
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
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Trusted User Elizabeth_Adamson
245 Posts
Trusted User
Australia
Elizabeth_Adamson
Trusted User

245Posts

124Kudos

9Solutions

Re: Paying Superannuation on less than $450.00 per week

You can also change the Threshold in the Superannuation Guarantee Category from $450 to zero if you are always paying Superannuation. This is a discretionary decision by the business owners or can be part of the employment contract.

 

Cheers

Liz

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