Superannuation Guarantee amounts wrong
Hi there,
Currently we are paying super as 0.095*gross_pay and the advice I've been given from Workplace Assured is that this is incorrect.
Their advice was that we should be paying SGC on all hours worked up to 38hrs per week, based on the employee's ordinary hours rate. Our employees work very variable hours, so the advice I was given is that if someone works 20hrs of normal dayshift rate and 18hrs at overtime rate, they should be paid 0.095*38*dayshift_rate.
I can't just exempt all overtime payments as this does not allow for the above situation where an employee is paid overtime penalty rates for some hours, but works less than 38hrs per week.
Can anyone imagine how I would go about calculating this correctly? For this pay run I have tried to manually calculate the amounts, however Xero won't let me process a payslip that doesn't have a statutory rate line on it and the statutory rate line applies to the entire payslip.
Very confused!
Thanks
Currently we are paying super as 0.095*gross_pay and the advice I've been given from Workplace Assured is that this is incorrect.
Their advice was that we should be paying SGC on all hours worked up to 38hrs per week, based on the employee's ordinary hours rate. Our employees work very variable hours, so the advice I was given is that if someone works 20hrs of normal dayshift rate and 18hrs at overtime rate, they should be paid 0.095*38*dayshift_rate.
I can't just exempt all overtime payments as this does not allow for the above situation where an employee is paid overtime penalty rates for some hours, but works less than 38hrs per week.
Can anyone imagine how I would go about calculating this correctly? For this pay run I have tried to manually calculate the amounts, however Xero won't let me process a payslip that doesn't have a statutory rate line on it and the statutory rate line applies to the entire payslip.
Very confused!
Thanks
1
Replies
You can process with a percentage amount rather than the statutory amount. Set the percentage amount to zero then add a fixed amount and put your calculated super there.
The flinks below shows what hours you must pay super on. Basically it is the employees ordinary hours. The second link provides examples which you may find useful.
https://www.ato.gov.au/Business/Super-for-employers/How-much-to-pay/Checklist--salary-or-wages-and-ordinary-time-earnings/
https://www.ato.gov.au/Business/Super-for-employers/In-detail/Ordinary-time-earnings/Ordinary-time-earnings-and-super-guarantee---examples/
The flinks below shows what hours you must pay super on. Basically it is the employees ordinary hours. The second link provides examples which you may find useful.
https://www.ato.gov.au/Business/Super-for-employers/How-much-to-pay/Checklist--salary-or-wages-and-ordinary-time-earnings/
https://www.ato.gov.au/Business/Super-for-employers/In-detail/Ordinary-time-earnings/Ordinary-time-earnings-and-super-guarantee---examples/