|
Superannuation TAB |
  
|
|
Superannuation TAB |
|
The Superannuation Guarantee Levy (SGL) is set up in this tab of an award.
Super (% $) - enter the percentage (%) or lump sum dollar ($) value of SGL applicable
Starts After - The SGL will kick into action after this many weeks from the employee's date hired. Usually it is set to 0 as most employees get their SGL from the first day of employment.
Calculation of the SGL - In the setting up tutorial in this help menu it was explained that in an employee's pay envelope, e-PayDay® works line by line ie. pay rate by pay rate and then allowance by allowance etc. When dealing with a particular line (eg pay rate) how the SGL is calculated will depend on this field. Assuming that there is a tick next to 'Superannuation' in the pay rate's details, the three options for this field, below, will produce the following results....
Applicable Pay Rate = SGL is calculated for each total figure on each individual line (providing it is a pay rate that accrues super) in the pay envelope.
Base Award Rate = SGL is calculated of the employees award/special award rate for each individual line in the pay envelope. (ie. where the rate in the employee's award is $12 and the rate in the pay envelope is $17 - SGL is calculated on the $12).
Higher Pay Rate = SGL is calculated on the higher rate for each individual line in the pay envelope (ie. where the rate in the employee's award is $8 and the rate in the pay envelope is $15 - SGL is calculated on the $15).
Lower Pay Rate = SGL is calculated on the lower rate for each individual line (ie. where the rate in the employee's award is $8 and the rate in the pay envelope is $15 - SGL is calculated on the $8)
Minimum Contribution per Week - if applicable to the award, enter the minimum amount of SGL.
Maximum Contribution per Week - if applicable to the award, enter the maximum amount of SGL.
Super $ and % of Ordinary Time Earnings - This section will only be available if the 'Super (% $)' field is left blank. It is designed to facilitate calculating a certain dollar figure worth of SGL per a whole number of hours worked. Added to that can be a certain percentage of ordinary earnings. The money from any pay rate which has it's 'Pay Rate Type' field set to "Ordinary Time" (in it's details) constitutes ordinary earnings.
Salary Sacrifice - SGL on Salary Sacrifice – 'Yes' or 'No' option. eg. If an employee's normal weekly gross earnings is $300 and they salary sacrifice $50 of their wage and SGL is to be calculated on the difference ($250) – then select 'No'. If the SGL is to be calculated on the full $300 – then select 'Yes'.
Annual Leave Loading - SGL on Annual Leave Loading - 'Yes' or 'No' Option. Under some State Awards the 17.5% Annual Leave Loading is included in the SGL calculation, if this is the case set it to Yes.