Employee super contributions are calculated based on your organizations pay run frequency, but will always be displayed in the last pay period of the monthly cycle.
This calculation method has been applied to ensure that the contributions are calculated correctly as they relate to the Super Guarantee Act.
When is Super calculated
The superannuation contribution for employees can vary dependent on the contribution type.
Super Guarantee Contribution (SGC)
Employees who are assigned an "SGC" contribution type will have their contributions calculated in the final pay of the month and a Super Stream Report generated for upload to your clearing house.
- Weekly - Contributions calculated on either a 4 or 5 week period
- Fortnightly - Contribution calculated within the second pay period
- Monthly - Contribution calculated each month
Note: A variation to this is any employee that is also making a salary sacrifice, if the employee is paid weekly or fortnightly the sacrifice will be deducted and a Super Stream Report generated each pay period which requires upload to your clearing house.
Non Super Guarantee Contribution
Within Flare a Non SGC contribution is referred to as "Employer Additional". This type of contribution is commonly used to make contributions to an employee who's circumstances are affected by the SGC boundaries.
Examples of employee's that may have a "Non SGC" are:
- Casual employees who do not always meet the criteria
- Casual employees under 18
- Employee who has a contribution that exceeds the concessional quarterly cap
Other instances where a "Non SGC" contribution may be applied is if an employee is owed a correction/make up payment of a fixed amount.
Any employee who is assigned an "employer additional" contribution type will have their contribution calculated each pay period, this will result in a Super Stream Report being generated for upload to your clearing house.
For more information on the super guarantee or navigating the new super screen, review the below related topics.
Super Guarantee: Super Guarantee Knowledge base article
New super screen: Super screen overview - admin view