superannuation threshold
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Stephanie_4161659
Member Posts: 5 ✭
When using the super minimum threshold of $450 - if an employee has a first fortnightly pay of $150 then the second is $650 obviously the first pay won't calculate super but at the second pay does it go back and include the first $150 in it's calulation or does it only calculate the 9.5% on the amounts over $450??
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Hi Stephanie
Don't' worry, the Superannuation will be a progressive calculation. the super calculated will be in the second period, it will be for the combined total. it wont change the first one
Hope this helps
Kelly
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