EOFY Payment Summary Info - Super Salary Sacrifice

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EOFY Payment Summary Info - Super Salary Sacrifice

Hi everyone,

 

I'm doing the end of year payment summary info, prior to preparing PAYGs.

 

One employee has salary sacrificed super throughout the year. Under Deductions, the drop down defaults to Exclude - what does this mean? The other options don't make sense.

 

Screen shot attached.

 

Thanks,

Colleen

myob screen shot.png
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Re: EOFY Payment Summary Info - Super Salary Sacrifice

Hi @coll_cath 

 

When preparing PAYG payment summaries in MYOB Essentials there will be an option to assign earnings and deductions. These will give you a list of the fields in which you can select the relevant payment summary field that the pay item values will flow into. For example, if you want Overtime to flow into Gross Payments you would select that Gross option for that Overtime pay item.

 

The option Exclude, which would be available for earnings or deductions, will exclude that value from being included in the payment summary.

Kind regards,
Steven

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Re: EOFY Payment Summary Info - Super Salary Sacrifice

Hi @Steven_M ,

 

Thanks for your quick reply.

 

I still have questions, though. It defaults to Exclude - why would I want to exclude this from the PAYG? Also, the other choices in the drop-down don't make sense. (It's not Employer Super, it's salary sacrifice.)

 

Thanks for the advice,

Colleen

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Re: EOFY Payment Summary Info - Super Salary Sacrifice

Hi @coll_cath 

 

There may be values that you would not want to include in the payment summary. A common example is loans that you have processed through payroll to the employee by the employer. As this typically will not involve any impact to the PAYG component or what needs to be reported to the ATO in terms of payment to the employee it can be set to be excluded and thus not be shown.

 

The other choices are based on deduction based ATO payment summary fields. For example, workplace giving or union based deductions. Employer super is listed as an option as you could set up a deduction to deduct additional funds to be processed by the employer to the super fund.

Kind regards,
Steven

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Re: EOFY Payment Summary Info - Super Salary Sacrifice

Hi @Steven_M ,

 

Based on your response, it sounds like I should select "Employer Super"? I want this amount to be included on the PAYG, as salary sacrifice.

 

Thanks,

Colleen

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Re: EOFY Payment Summary Info - Super Salary Sacrifice

Hi @coll_cath 

 

Having the assignment set to be Employer Super will make that value appear in Reportable employer super contributions in the PAYG Payment Summary.  


If you are unsure what assignment that value should have I would be speaking to the ATO for clarification on each section of the payment summary. You can then decide what value that particular amount falls into.

Kind regards,
Steven

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