Australia only

Additional super contributions can be:

• a deduction from an employee's net (after-tax) pay, known as employee additional super
• a deduction from an employee's gross (before-tax) pay, known as salary sacrifice superannuation
• a business expense paid by the employer in addition to gross pay, on top of the 9.5% super guarantee contributions, known as employer additional super

Employee additional contributions

You can deduct additional super payments from an employee's net (after-tax) pay by setting up a deduction pay item.

Here's how:

Employer additional contributions

If an employer contributes more than the compulsory 9.5% super guarantee, this is called employer additional super.

It's a tricky area because some employer additional superannuation contributions need to be reported to the ATO (known as RESC). For clarification, check the ATO's guidelines.

If your employer additional super is:

• not reportable - you can enter the increased Super guarantee rate against each employee (Payroll > Employees > click the employee > Superannuation tab). Here's an example:
  
• reportable - you won't be able to set up these employer additional super contributions in MYOB Essentials. This is because MYOB Essentials can't determine the reportable portion of the employee's super (the portion above the 9.5% SGC). But all is not lost! Speak to your accounting advisor about your options, or ask the experts on the community forum.