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Superannuation Cap set higher than SGL

Updated over 3 months ago

You can set a Contribution Cap that is higher than the SGL Cap by creating an Employer Contribution with a Maximum Contribution. If the higher cap is not for all employees, then you will need to have two Employer Contributions.
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To set the Maximum Contribution, calculate the maximum amount of Superannuation you want to pay per period. For example, if the maximum yearly amount of Superannuation was $36,000 and you pay monthly:

  • $36,000 / 12 Months = $3,000 will be the Maximum Contribution

Create the Employer Contribution

  1. Go to Payroll, Maintenance, Superannuation, Employer Contribution.

  2. Click Add or right-click on an existing Employee Contribution and Copy to use the same setup.

  3. Enter a Code and Description.

  4. If you added, choose the Employer Contribution Type.

  5. Enter the Percentage Deduction and SGL Percentage. These will be populated if you copied.

  6. Ensure Print Super on Advice is ticked.

  7. Untick Apply SGL Exceptions.

  8. Tick Include in STP Reporting and select Super Guarantee (SG) if this is SG.

  9. If you added a new contribution, click on the Calculation Parameters tab. Select the Pay Components, Leave Reasons, Addition & Deductions, and User Defined Leave that will be used to calculate Super.

  10. On the Options tab, enter the Maximum Contribution.

  11. Click OK to save.

Attach the Employer Contribution to an Employee record

  1. Go to Payroll, Maintenance, Employees, Employees.

  2. Edit the Employee and select Superannuation Details.

  3. In Superannuation Contributions at the bottom, Edit the existing Employer Contribution.

  4. Untick Primary Contribution and change the Allocation to 0. Click OK to save the change to the Contribution.

  5. Then click Add and select the new Employer Contribution.

  6. Tick Primary Contribution and enter the Allocation. Click OK to save the new Contribution.

  7. Click OK to save the employee.

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