Please note that this guide is an extension of the Rule Set Overview article.
This article details the options available relating to the payment of super for the employees attached to the ruleset.
The first two options on this screen relate to the SGC Agreed Percent and SGC Minimum Percent fields and these are what the system uses to determine the rate of super to calculate based on during the payroll process
- SGC Agreed Percent
The percentage that you agree to pay to the employee as per their contract
- SGC Minimum Percent
The percentage that is required by law in Australia that you need to pay the employee.
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).
This field is used to set the amount that the employee needs to earn within a month to be eligible for superannuation payments accruals, if they exceed this threshold they will be paid super for the entire amount for the month.
If you want to pay super on the entire amount regardless, simply set this value to zero.
Do Not Pay When Age Exceeds
This is used to prevent the payment of superannuation to employees that are over the set age limit.
Do Not Pay When Exceeds Hours Per Period field
This is used to cap the amount of super that the employee can receive within a period if they work excessive hours.
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.
Apply Age/Hours rule
Usually only 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
This section details which breakdowns other than normal hours and allowances, should be included when calculating the Superannuation earnings base.
Enable the appropriate checkboxes to include loadings, penalties, time-based overtime, other overtime, and leave loading in the calculation
Please note that the base rate option is available for all items that include a rate that can exceed the 100% rate. if the base rate option is enabled the costing will be included for super but only the amount at the 100% rate.