Salary Sacrifice setup
Sorry if this has been asked before but I couldn't find exactly what I was looking for in the search.
I'm struggling to get an 'employee' setup.
This employee receives a single payment per year (at the end of the tax year) otherwise has no salary. Not sure if I should therefore treat it as a bonus or director payment rather than annual salary but either way the maximum payroll period I can use is a month.
I want to salary sacrifice the entire payment but from my understanding you can't now do this as you have to make the SG payment first.
Ok, fine, I set the SG to 10.5% and the SS to 100% but then the SS is taken out first in payroll and nothing left for the SG. If I set the SS to 89.5% then the SG only takes 10.5% of the remainder
How do I get it to process the SG first and then SS the remainder, e.g. if the payment was $1000 take the $105 SG first and SS the remaining $895?
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