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Reportable Employer Superannuation Contributions The ATO requires that some superannuation contributions that exceed the superannuation guarantee amount (for example, salary sacrifice and some salary packaged amounts), be reported on payment summaries. These reportable contributions (RESC) need be set up as separate superannuation payroll categories, so that they are easily reported when preparing payment summaries and the electronic EMPDUPE file you send to the ATO. For detailed information about Reportable Employer Super Contributions, contact the ATO or your accountant. |
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Set up a superannuation category
Go to the Payroll command centre and click Payroll Categories. The Payroll Category List window appears.
Make the required selections in the window.
Linked Expense Account is the account to which you charge employer expense superannuation payroll categories. The Default Employer Expense Account you specified when setting up payroll appears as the default.
We recommend you create an expense account called Superannuation Expense and select it as the linked expense account.
(Only applicable for Employer Additional, Productivity Superannuation, Redundancy Superannuation or Superannuation Guarantee category types.)
Linked Payable Account is the liability account to which the superannuation amounts accrue. The Default Tax/Deductions Payable Account you specified when setting up payroll appears as the default.
We recommend you create a liability account called Superannuation Liability and select it as the linked payable account.
Select the appropriate contribution type from the list. Note that:
- The Salary Sacrifice (deduction) contribution type is deducted from an employee’s gross pay, that is, before PAYG withholding tax is calculated. It reduces the employee’s gross taxable income.
- The Employee Additional (deduction) and Spouse (deduction) contribution types are deducted from the employee’s net pay, that is, after PAYG withholding tax is calculated.
- The Employer Additional (expense), Productivity (expense), Redundancy (expense) and Superannuation Guarantee (expense) contribution types are paid in addition to the employee’s gross pay.
Once a superannuation category has been created (and saved), the Contribution Type cannot be changed.
Calculation Basis can be:
- User-Entered Amount per Pay Period allows you to enter an amount at the time the pay is processed each pay period. Choose this option if the amount varies regularly or if you want to use the amount you have entered in an employee’s standard pay details.
- Equals x Percent of allows you to enter a percentage of a payroll category (such as wage, deduction or superannuation) or a percentage of all wage categories (by choosing Gross Wages or Federal Wages ). The superannuation will be calculated until the limit is reached.
- Equals x Dollars per allows you to enter a specified amount per pay period, per hour, per month or per year until the specified limit is reached.
In the Exclusions field type the amount by which the eligible wage is reduced before the superannuation is calculated.
For example, an employee with a gross wage of $1000 per month and an exclusion of $100 will have the superannuation calculated only on $900.
Superannuation limits can be used to place a ceiling on the superannuation calculation.
For example, for an Employee Additional superannuation deduction of $30 per pay period and a limit of 2% of gross wages, a pay with gross wages of $1000 yields superannuation of only $20 (i.e. 2%).
Limit can be one of the following three choices:
- No Limit signifies no limit to the superannuation calculated for this category.
- Equals x Percent of results in the maximum superannuation calculated being a percentage of wage, deduction or superannuation payroll categories. For example, an Employer Additional superannuation contribution might be $20 per pay period, but this should not exceed a maximum of 20% of the employee’s base salary.
- Equals x Dollars per results in the maximum superannuation calculated being a fixed amount per pay period, per hour, per month or per year. For example, a Salary Sacrifice superannuation might be 5% of the employee’s gross wages up to $1000 per year.
If this superannuation calculation is only payable if wages exceed a specified amount per month (such as for superannuation guarantee contributions), enter this amount in the Threshold field.
For example, if the threshold is $450 per month, then superannuation is not payable until the employee’s gross wage exceeds $450 per month.
When determining whether the gross wages on a pay exceeds the threshold per month, other pays issued that month are included.
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Employees with salary sacrifice superannuation? Learn how to set up salary sacrifice superannuation payroll categories. |
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<h2><i class="fa fa-comments"></i> Superannuation FAQs</h2><br> |
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Is AccountRight SuperStream compliant?The new AccountRight (2014.3 and later) is fully compliant with SuperStream with the introduction of Pay Super, making it easier than ever for you to meet your super obligations. |
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What payments is superannuation calculated on?Superannuation Guarantee contributions are typically calculated on wages, leave payments, including annual leave, sick leave and long service leave. For clarification on the payments that superannuation guarantee contributions are calculated on, check with the ATO. |
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Why is super calculating incorrectly?If the Superannuation Guarantee category doesn't appear to be calculating correctly on an employee's pay, it could be due to:
Check the superannuation category's setup
For more details, see Checking and adjusting superannuation calculations. |
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Why is super not showing on a pay slip?If super isn't showing on an employee's pay slip, the amount earned by the employee for the month may be less than than $450 which means no super will be calculated. This is because in the Superannuation Information window for the Superannuation Guarantee contribution category, the wage threshold before superannuation is calculated is set to $450. When the employee receives their next pay and their gross earning are above $450, superannuation will be calculated on the total gross amount of wages/salary earned for the month. The superannuation amount will "catch up" because total gross wages/salary for the month are now greater than $450. Super fund name not showing on the pay slip? Ensure the field Superannuation Fund Name is included on the pay slip form you use. Learn more about adding text and fields to your forms. |
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How do I fix incorrect super recorded on earlier pays?Either make the adjustment on the employee’s next pay for the month, or record a pay for $0 that only includes the superannuation adjustment. (If you only need to do this for one employee, select the Process individual employee option in the Pay Period step of the Process Payroll assistant.) In the example below, we want to adjust (reduce) the super for the month by $50. Notice that all hours and amounts on the pay are zero, except for the superannuation category's Amount column. A few more tips:
For more details, see Checking and adjusting superannuation calculations. |
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How do I print a Superannuation Choice Form for an employee?Providing you have Microsoft Word installed on your computer, you can print the Superannuation Choice Form for an employee.
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Can I delete a superannuation category?You can only delete a superannuation category if it hasn't been used in an employee's pay.
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Can I pay superannuation manually?No, you can't pay super contributions manually. According to the ATO's SuperStream requirements, you must pay super contributions electronically using a SuperStream compliant solution, such as AccountRight's Pay Super feature. This ensures the right super details are submitted to the right super funds. |
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How do I set up employer additional superannuation?If you pay an employee more than the 9.5% superannuation guarantee, there's a superanuation category in your company file for this purpose (called Employer Additional). Or you can create a new one (as described above) to handle the additional super amounts. When setting up the super category, select the Contribution Type of Employer Additional which can used for this purpose. How much additional super you want to pay is up to you, so you'll need to set the Calculation Basis accordingly. If it's a one-off payment, you might choose to select User - Entered Amount per Pay Period so you can enter the additional amount when you process your payroll. Click Employee and select the employees who are entitled to the additional super. Superannuation amounts you pay which are in addition to the 9.5% superannuation guarantee payments may be classified as Reportable Employer Superannuation Contributions (RESC). If so, these amounts will need to be reported on the employees' payment summaries. For clarification about paying and reporting additional super contributions, check with your accounting advisor or see the ATO guidelines. |
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How do I set up employee additional superannuation?If you need to deduct extra super for an employee (after tax), there's a superanuation category in your company file for this purpose (called Employee Additional). Or you can create a new one (as described above) to handle the additional super amounts. When setting up the super category, select the Contribution Type of Employee Additional which can used for this purpose. How much additional super is deducted is up to you, so you'll need to set the Calculation Basis accordingly. If it's a one-off payment, you might choose to select User - Entered Amount per Pay Period so you can enter the additional amount when you process your payroll. Click Employee and select the applicable employees for this super deduction. If you're unsure about how this super category should be set up for your specific requirements, check with your accounting advisor or ask the experts on the community forum. |
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