Exclude Super from WorkCover Calculations – When this option is selected, WorkCover is calculated based on the employee’s gross wages plus employer superannuation contributions.The Superannuation Preferences control how superannuation is calculated for your employees. You can change the Employer SGC Percentage for individual employees, but the other settings will apply to all employees.
ž Monthly Super Threshold On Permanent Employees – Selecting this box will apply the superannuation threshold to all permanent staff.
ž Monthly Super Threshold On Part-Time Employees – Selecting this box will apply the superannuation threshold to all part-time employees.
ž Monthly Super Threshold On Casual Employees – Selecting this box will apply the superannuation threshold to all casual employees.
ž Calculate S.G.C. on Salary Sacrifice Amounts – When this option is selected, SGC is calculated based on the employee’s gross wages before salary sacrifice. When unselected, SGC is calculated on the after-sacrifice gross wage amount.
Exclude Super from WorkCover Calculations – When this option is selected, WorkCover is calculated based on the employee’s gross wages plus employer superannuation contributions.
Pay Super If Monthly Gross More Than – You should specify the threshold amount in Pay Super If Monthly Gross More Than. Specifying a threshold means in some months, employees won't receive employer superannuation contributions. When an employee's monthly gross pay reaches more that the threshold amount, Elite Payroll will calculate all superannuation contributions due for the month and place them in the current pay.
Employer S.G.C. (Superannuation Guarantee Contribution) Percentage – You can specify a default employer superannuation percentage, which will apply to all employees. Enter the default percentage into the Employer S.G.C. Percentage. This is the minimum amount of required superannuation contribution that you must make on behalf of each employee..