Rule Set Configuration - Superannuation
Created by: Damien Collings
Modified on: Fri, 14 Dec, 2018 at 4:34 PM
- Enter a value in the SGC Agreed Percent and SGC Minimum Percent (superannuation guarantee contribution) fields from which all super calculations for the selected Rule Set are based.
- Enter a value in the Super Threshold field to determine the minimum monthly wage above which superannuation accruals will be calculated. Enter zero if the super is to be calculated on the employee's entire pay.
- When the Super Allowance percent has a value, if an employee does not reach the threshold value set in the Super threshold field for the month, then following month they will receive a Payment in lieu of super under their Gross allowances (when the first payroll for the month is processed).
For More information see: Super Allowance Percent - The Do Not Pay When Age Exceeds field is used for staff of a certain age that are no longer entitled to superannuation.
- The Do Not Pay When Exceeds Hours Per Period field is used if staff exceed a certain number of hours per period and are not entitled to superannuation payment on hours over that number:
- Maximum SGC contribution: this is used to cap the amount of SGC for a month. Enter zero if the superannuation is not to be capped.
- The Apply Age/Hours rule applies to employees under the age of 18 years.
In the example below, such employees must work for a minimum of 30 hours per week in order to be eligible for superannuation contributions to be made by the employer and must earn a minimum of $450 per month.
The Superannuation Earnings Base
- Enable the appropriate check boxes to include loadings, penalties, time based overtime, other overtime and leave loading in the superannuation earnings base.
- For loadings, penalties, breaks and overtime, enable the Base Rate Only field to calculate super on the employee base rate of pay.
- For Loadings, penalties, paid breaks, time based overtime, other overtime - When both boxes are ticked for any of the options, e.g. Time based overtime and Base rate only, the super will be calculated on any time based overtime hours but only at the base rate (not the inflated overtime rate).
- When only one box is ticked for any of the options, then the super will be calculated on the inflated rate (e.g. the penalty rate or the overtime rate).
Damien is the author of this solution article.
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