Setting up an Employee for Additional Voluntary Superannuation

I have an employee (Employee A) who requested to deduct an additional $50 per week superannuation from their weekly wage. We have an existing employee (Employee B) who does the same but for a different amount ($10 per week) however Employee B's superannuation is being paid to a different Super Fund.
For this reason I created a new Payroll item for Employee A and mirrored the settings/selections based on the payroll item set up for the Employee B only changing the Superfund and the value. Upon closer inspection, I have just realised that the payment of $50 for Employee A has only deducted once and not in the subsequent pay runs.
I can't understand why this has occurred and what I have done for the deduction not to occur each weekly payroll run.
Comments
-
It is possible that this problem is being caused because I have not ticked the checkbox "Tick if the limit is per pay period"?
0 -
You need to remove the Limit amount completely! This field is to prevent amounts being deducted in excess of any Limit amount specified, therefore, if you've entered a limit of $ 50, it won't deduct any more than this in total (hence only the one amount of $ 50 has automatically deducted)
Is the employee salary sacrificing (deducting from gross earnings to reduce their PAYG tax) or is the $ 50 to be deducted from their net pay ?
The Member Voluntary type is only if the deduction is not affecting their tax, otherwise the type should be Salary Sacrifice 🙂
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015) * ICB-Certified Bookkeeper * Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
0422 886 003
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
1 -
Hi Shaz,
thank you for your reply. I do want to set up the employee as salary sacrificing.
Do you know the steps on how to set this up in Reckon, as I have not done this before?
Regards,
Sarina
0
Categories
- 18.4K All Categories
- 6.3K Accounts Hosted
- 5.7K Reckon Accounts (Desktop)
- 10 PaySauce for Reckon Accounts NZ
- 984 Reckon Payroll App
- 12 Payroll App - Help Videos
- 13 Reckon Mate App
- 2.9K Reckon One
- 8 Reckon Invoices App
- 12 Reckon Insights
- 107 Reckon API
- 780 Payroll Premier
- 291 Point of Sale (Desktop)
- 1.8K Personal Plus and Home & Business
- 58 About Reckon Community