Superannuation calculation examples

You can calculate superannuation using one of the following superannuation calculation modes:

• Auto Current Pay calculates superannuation based on current pay regardless of earnings.
• Calendar Month calculates superannuation based on current pay only after the monthly earnings threshold is reached.
• Monthly Super Calc Program excludes superannuation from current pay so that it can be calculated at the end of the month using the Payroll Monthly Superannuation Calculation window. See Calculating superannuation.

Note: For more information about these options, see the Super Calculation Mode field on the Pay Details tab of Payroll Maintenance. See Payroll Maintenance - Pay Details tab.

Auto Current Pay Superannuation Calculation Mode

This is the default calculation mode.  It calculates super based on the current pay irrespective of the $450 threshold.

This mode may be a good choice for employees where you know they will always reach the $450 threshold in the month or where you want to pay superannuation even if the employee does not reach $450 in the month.

Example 1: Auto Current Pay Superannuation Calculation Mode

With the Auto Current Pay mode used, and using a SCG percentage of 9.5%, calculations are as per the following examples:

Employee A:
 14/7/2018 - Paid: $150 – Gross for Month: $150 - Super Liability for pay: $14.25

28/7/2018 - Paid: $150 – Gross for Month: $300 - Super Liability for pay: $14.25

            Total Super for month: 28.5

Employee B:
 14/7/2018 - Paid: $300 – Gross for Month: $300 - Super Liability for pay: $28.5

28/7/2018 - Paid: $300 – Gross for Month: $600 - Super Liability for pay: $28.5

            Total Super for month: 57

Employee C:
 14/7/2018 - Paid: $500 – Gross for Month: $500 - Super Liability for pay: $47.5

28/7/2018 - Paid: $500 – Gross for Month: $1000 - Super Liability for pay: $47.5

            Total Super for month: 95

Calendar Month Superannuation Calculation Mode

This is a new superannuation calculation mode.  When calendar month earnings reach $450 super is applied in the current pay for the entire month to date.

This mode may be a good choice for employees where you only want to pay superannuation when the employee reaches $450 in the month.

Example 2: Calendar Month Superannuation Calculation Mode

With the Calendar Month mode used, and using an SGC percentage of 9.5%, calculations are as per the following examples:

Employee A:

14/7/2018 - Paid: $150 – Gross for Month: $150 - Super Liability for pay: $0

28/7/2018 - Paid: $150 – Gross for Month: $300 - Super Liability for pay: $0

            Total Super for month: 0

Employee B:

14/7/2018 - Paid: $300 – Gross for Month: $300 - Super Liability for pay: $0

28/7/2018 - Paid: $300 – Gross for Month: $600 - Super Liability for pay: $57

            Total Super for month: 57

Employee C:

14/7/2018 - Paid: $500 – Gross for Month: $500 - Super Liability for pay: $47.5

28/7/2018 - Paid: $500 – Gross for Month: $1000 - Super Liability for pay: $47.5

            Total Super for month: 95

Monthly Super Calc Program Calculation Mode

Using this superannuation calculation mode no superannuation is calculated in normal or special pays for the employee.

Instead, superannuation calculations are completed as a separate pay containing only the superannuation calculations at the end of the month using the Monthly Super Calculation program. See Calculating superannuation.

Note: You cannot use the Monthly Super Calc Program option for Single Touch Payroll. Single Touch Payroll submissions require superannuation to be reported at the time of the submission.