setting up super contributions

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Fiona Papworth
Fiona Papworth Member Posts: 8 Novice Member Novice Member
edited October 2024 in Reckon Accounts (Desktop)
setting up super contribution tax tracking type in super contributions payroll item
I am not sure which one to select??

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  • John Graetz
    John Graetz Member Posts: 1,591 Reckon Hall of Famer Reckon Hall of Famer
    edited July 2020
    Fiona.  If you are referring to SGC payments then you select None.  Nobody pays tax on the SGC that an employer is required to pay.
    If you are referring to Salary Sacrifice Super, then you need to select Gross Payments.  The reason for doing that is that SS Super is deducted from pre tax earnings and so it needs to come off Gross Payments.
    John L G
  • Unknown
    edited August 2019
    This content has been removed.
  • John Graetz
    John Graetz Member Posts: 1,591 Reckon Hall of Famer Reckon Hall of Famer
    edited July 2020
    That is correct Kevin, when received by the Super Fund, but there is no tax applicable for SGC for setup within Payroll, which is what the question related to, hence the reason for my response.  Thank you for clarifying the fact.
    John L G.
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