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Bookkeeping - Payroll - Casuals and Super?
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Published on Friday, 19 June 2015 12:54
Client emailed this week - Hi Paul,
Can you please tell me is Super payable for casual employees??? One employee earns $300p/w therefore there is no super in the first week of the month pay - I have just printed his payslip and there is no super on it – is that right? Also there is no YTD carry over, how do I correct this?? Cheers.
Solution – For casuals and part-timers, super is only required by law once the GROSS wages are over $450 per month. So it is assessed EACH month, and by ticking in MYOB or Quickbooks etc to monitor this threshold, the calculation is automatically taken care of, for you. As you found, the first pay of $300 doesn’t generate any super, until the next pay is raised, let’s say it’s another $300 which now brings the monthly gross so far of $600 which is over $450 – note that then the software will calculate the 9.5% super on BOTH weeks of pay and will generate it on pay 2 on $600. The software is self-adjusting, and you can manually type in some super if you want to. See ATO sight HERE about Employers and Super
In regard to the Year To Date (YTD) it maybe that the “Print on Payslip” is not ticked. Also, super is not “Carried over” each year, it is usually shown for the current payroll year in line with the Gross and Net for the year, as payroll is recorded and measured and reported annually.
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