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hansen-chris
Level 1

How is amt in notes on pay slips that says"Includes super guarantee payments of $35.87 for previous pays where threshhold not met" calculated. I can't reconcile amounts.

I understand some fn payments may not require comp super payments but can not understand where these amounts come from. Thank you.
1 Comment 1
Bonny_
Moderator

How is amt in notes on pay slips that says"Includes super guarantee payments of $35.87 for previous pays where threshhold not met" calculated. I can't reconcile amounts.

Hi hansen-chris,

 

Once the employee reaches pre-tax earnings of more than $450, you are required to make Super Guarantee payments on those earnings.

 

The message in the pay slip is saying that previous pay runs in the month did not amount to more than $450 in earnings, but this most recent pay run pushed the monthly earnings over the $450 threshold, and therefore is including the amount of super from previous pay runs in the month as well.

 

Hope this explains what the figures represent!

 

Bonny