Generally, if your employee's ordinary time earnings are over the ATO's minimum superannuation threshold, they are entitled to SGC. The SGC is only calculated on the employees ordinary time earnings. The amount of superannuation can be adjusted on the employees payslip as required.
Not all employees are eligible for SGC.
Check the ATO website for additional information regarding eligibility.
Superannuation is calculated on payroll codes that are set as OTE. Some payroll codes are not OTE and therefore, will not have superannuation calculate on them.
Check the ATO website for additional information regarding ordinary time earnings.
The maximum contribution base limits the maximum amount of super support that your employer has to provide for you each quarter.
Check the ATO website for additional information regarding maximum contribution base.
Note: That the decision to increase the SGC percentage cannot be influenced by the employee. If the employee influences it, it must be a sacrifice.
10. The employee will now salary sacrifice superannuation as per the amount specific in the Amount to Sacrifice section.
9. The employee will now salary sacrifice superannuation as per the amount specific in the Amount to Sacrifice section.
8. The employee will no longer salary sacrifice superannuation.
Post tax super payments are not included in the super column on the pay run screen as they are not a cost to the company. Post tax super is not included in the Extras section of the payslip as this is not in addition to their hourly rate, but it is shown in the deductions section of the payslip.
9. The employee will now have a fixed post-tax superannuation contribution assigned to a pay slip automatically each pay run.
NOTE: If you are importing journal entries into your accounting software, the superannuation expense and holding accounts may need to be updated. Please email support@easyemployer.com to complete configuration.