Jobkeeper and Differing Superannuation contributions

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  • Updated 3 months ago
Hi there,

Question 1 - We have this scenario with our employees:

Employee type 1 - paid more that $1500 per fortnight - this is fine and explained by the reckon hosted set up as super is paid on their full wage as per normal. (Yes to super on JK)

Employee type 2 - paid less than $1500 per fortnight - and now need super only paid on original pay amount - (no to super on JK)

How do I have 2 types of super setting for the JK entries?


Question 2 - our pay cycles are fortnightly but not aligned with the ATO - therefore the first payment in April for our employees was 24th March - 5th April 

I'm assuming that our eligible employees will have the first JK01 as $750 and then in following fortnights JK topup as the full $1500 and then our JK final will be $750
(so the amount will eventually be the same but contribution over more than 13 pay cycles)


Question 3 - now we have our nomination forms from our employees and they were all paid as per normal in April (cause we didnt have enough details to trust we would be eligble) I will now have to:

- Delete the pays that went out on the 6th April and 20th April and reprocess with the new JK payroll items
-Back pay those employees who will now get paid more under the scheme.
- Send new payroll files to the STP as "Replacements"
- Do all this before May 4


Thank you so much for your help

Bobbi

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Bobbi

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Posted 3 months ago

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Linda Putland, Accredited Partner

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Hi Bobbi...
Q1 - if the employee is earning more than $1500 per fortnight - then their pay is as normal with normal super on the normal payroll items...  if the employee earns less than $1500 then their pay is also normal pay with normal super items - with the Addition of the JOBKEEPER-TOPUP to bring them up to the $1500 per fortnight - this topup item is the part that doesnt need super and should be setup as such...   you dont use the JOBKEEPER-TOPUP item on the people who earn more.

Q2 - April's fortnights work ok...it just gets messy where you then have 3 fortnights in May and 2 in August - where as the ATO plans to pay for 2 fortnights in May and 3 in August... if you can cashflow this then all good - but if you cant - you may want to consider changing your pay cycle? See the image below (which was created for another user) for how you may want to reconsider your pay cycles? I have talked about this at length with another user on another thread...see https://community.reckon.com/reckon/topics/jobkeeper-payroll-item?utm_source=notification&utm_me...

Q3 - yes, you need to backpay those who should get more before 30th April - you can do this in a separate pay if you wish - or redo the pays - dont delete them - just unlock them and edit them.  the new STP file you upload should be created as an Update - not a replacement.  and you should lodge before 30th April.
(Edited)
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Bobbi

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Thank you Linda - this was really helpful.
Kind regards
Bobbi