Partner Zone

Superannuation Employer Contribution

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.
darnielle
Contributing User
31 Posts
Contributing User
New Zealand
Contributing User

31Posts

0Kudos

1Solutions

Solved: Go to Solution

Superannuation Employer Contribution

Hi there

 

I made a mistake on a team members employer contribution percentage. It should have been 4% but it was loaded at 1%, how do I apply the extra 3% that he is owed in his next pay.

 

Look forward to your reply

 

Kind Regards

Darnielle

6 REPLIES 6
KattC
790 Posts
Former Staff
New Zealand
Former Staff

790Posts

0Kudos

82Solutions

Re: Superannuation Employer Contribution

Hello @darnielle 

 

In regards to changing the percentage of the kiwi saver on the employees pay processed in error. You cannot change the amount in the next pay due to the kiwi saver pay code calculation will not allow this.

 

You have two options: 1 you can restore a backup and re process every ones pays making sure this one is sitting at 4% before you begin OR 2 you can do a reverse pay  and only reverse that employee in question. Using a reversal will put the balances back to what they were before this pay was processed. You then can re-create the correct pay on the same day and provide a new payslip to show the correction.

 

Kind regards,

 

Kat

 

darnielle
Contributing User
31 Posts
Contributing User
New Zealand
Contributing User

31Posts

0Kudos

1Solutions

Re: Superannuation Employer Contribution

HI Kat

 

This is not kiwisaver, it's a Craigs Super fund that we create the paycode.

 

Look forward to your reply

 

Regards Darnielle

KattC
790 Posts
Former Staff
New Zealand
Former Staff

790Posts

0Kudos

82Solutions

Re: Superannuation Employer Contribution

Hello @darnielle 

 

Thank you for the update in regards to the Superannuation.

 

The method is still the same, you will need to either reverse the employees pay or restore a backup.

 

The reason this needs to be done is overtyping the amount in the process pay will put the tables out in the background, because the employer part is based on a percentage not a dollar amount. Therefor the payroll file will produce an out of balance.

 

Do not hesitate to contact us again if you need to.

 

Kind regards,

 

Kat 

darnielle
Contributing User
31 Posts
Contributing User
New Zealand
Contributing User

31Posts

0Kudos

1Solutions

Re: Superannuation Employer Contribution

Hi Kat

 

I wouldn't overtype the dollar amount, I can go into the background of the employer percentage and change that?

 

Look forward to your reply

 

Kind Regards

darnielle
Contributing User
31 Posts
Contributing User
New Zealand
Contributing User

31Posts

0Kudos

1Solutions

Re: Superannuation Employer Contribution

Hi Kat

 

I wouldn't overtype the dollar amount, I can go into the background of the employer percentage and change that?

 

Look forward to your reply

 

Kind Regards

Darnielle

Liam_M
3,488 Posts
Former Staff
Australia
Former Staff

3,488Posts

0Kudos

529Solutions

Accepted Solution Solved

Re: Superannuation Employer Contribution

Hello @darnielle 

 

Changing the percentage won't affect pays that have already been recorded. It will just change the rate to be used in future pays.

Kind Regards

Liam
MYOB Client Support

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