SGC 10.5% statutory rate
I process pay runs on a monthly basis.
My settings for SGC are set at statutory rate default rate of 10.5%.
Now for all monthly pay runs from July 2022 to January 2023, the payroll app has correctly calculated SGC at this 10.5% rate.
However, I have suddenly become aware that for my processed monthly pay runs of February 2023 and March 2023 the payroll app has calculated SGC at the previous 2022 F/Y rate of 10%.
I have checked and rechecked my settings which appear to be correct. The only way I can now get the app to calculate at 10.5% is to manually change the "rate basis from statutory rate to percentage " and then specify 10.5% prior to processing/sending off .
Has there been a change in the app making it necessary to go through the above step. As far as I can recall this has not been necessary for all of my previous pay runs ??
I have attached three files labelled PDF shot 1; PDF shot 2: PDF shot 3 to illustrate this issue.
Best Answer
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Please disregard my last comment/query.- re amendment
I have been attempting to make an amendment wrongly.
I know now how to process an amendment to a payrun.
Apologies.
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Answers
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Hi @faigey
I just had a look and it seems to be working normally in my case so lets go over a few things. Looking at your screenshots, it looks like you're creating a custom super item, is there a specific reason for that over using the default Super Guarantee item?
Also, when I look at the screenshot you've added of the pay run creation screen, it showing the Percentage option has been selected at 10% rather than Statutory Rate.
If you tap on that and change the selection to 'Statutory Rate', that should switch it to the 10.5% statutory calculation.
Can you confirm?
Also just a quick tip, when adding a screenshot to your discussion, use use the image option as opposed to the attachment option and it will add your screenshot directly to the post.
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Hi Rav
Firstly thanks for the tip. Apology - In future I will use the image option. Hopefully it will not be required too often to discuss any app problems.
I can confirm that what you describe is in fact what I have been doing in order to switch to the 10.5% statutory calculation. And this certainly works.
However, what is curious is the fact that when I create the pay run- the app automatically comes up initially as shown in the screenshot ie "Percentage 10%".
Is this what the app normally does? I cannot recall the app doing this on previous pay runs? Why does it not come up by default at 10.5% instead of having to tap and change the selection to 'Statutory Rate'. As stated previously - my default settings for Superannuation are correctly set for 10.5%?
Regards
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Hi @faigey
Just trying to find any commonalties so forgive all the questions -
- Is this occurring every single time you attempt to create a pay run?
- And, does it only occur when you use that specific custom earnings item you've created?
- Also, does it occur on all employees in the pay run or just a select one?
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Hi Rav,
(1) Yes -it is occurring every single time I create a pay run.
(2) It occurs on any earnings I create . ie eg if its $7500 or $8000 or any other earnings figure I use and it occurs on whether I use salary or ordinary earning items.
(3) There is only one employee . So it only occurs for this employee. I suppose I could create a new artificial employee and test to see if the same thing happens?
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I can't seem to replicate this when using either the default SG item or a custom super item that I've setup so can't really add anything meaningful to this right now 😕
I'd be interested to hear from the wider Community as well if they're also experiencing anything of the same sort of behaviour.
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Hi Rav
Another issue I have now struck -all to do with the 10% vs 10.5% SGC. I am trying to amend two of my previously (SGC incorrect at 10% instead of 10.5%) pay runs which was forwarded to ATO.
You will have read from my previous comments " However, I have suddenly become aware that for my processed monthly pay runs of February 2023 and March 2023 the payroll app has calculated SGC at the previous 2022 F/Y rate of 10%."
Having done this I have attempted to amend my February and March 2023 pay runs by changing the 10% rate to 10.5% . My aim was then to resubmit these pay runs , amended, to ATO.
See further for images illustrating this.
I find that the App states "Only pay run draft is editable"?
That being the case - can you please advise on the method to amend a pay run , by only amending the SGC % and resubmit to ATO.
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Please disregard my last query/comment.- re making an amendment to a payrun.
I now know how to correctly process an amendment.
Apologys
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