2 years ago
Super Guarantee on Super Salary Sacrifice
I am trying to set up Super Salary Sacrifice for a one-off payment for 2 employees and am going around in circles. I understand that SG is payable on Salary sacrifice to super but it is not being calculated in the software. The tax payable amount has gone down, but super guarantee amount has not gone up. What am I doing wrong?
My accountant provided a solution.
Enter the amount in the bonus section (the amount is exclusive of SG payable.)
Then enter the same amount in Salary Sacrifice - (a deduction), again this amount is exclusive of SG.
The total SG payable which also included the usual SG payble on normal earnings was correct.