Currently you are required to show superannuation amounts calculated on payslips. If you are not doing this you need to start now! To give your employees more information about their super, the Government will soon require you to provide even more detail on payslips.
From 1 July 2013, you will need to show actual contribution payment dates and amounts paid.
Also, if you pay the minimum 9% Super Guarantee (SG) rate on behalf of your employees you'll need to increase this amount to 9.25% on 1 July 2013. If you have any employees with a salary packaging arrangement, you'll also need to consider how the SG increase impacts their package.
If you use a payroll system, you will need to make sure it can make the correct calculations based on 9.25% as well as put the additional information on payslips. If you're not sure if your system can accommodate this change, give your provider a call. They should be able to tell you how to configure it or tell you about upgrades they are planning. We are still waiting for the Government to release more details about the payslip requirements. We will keep you informed as they happen on our website.
From 1 July 2013, you will need to show actual contribution payment dates and amounts paid.
Also, if you pay the minimum 9% Super Guarantee (SG) rate on behalf of your employees you'll need to increase this amount to 9.25% on 1 July 2013. If you have any employees with a salary packaging arrangement, you'll also need to consider how the SG increase impacts their package.
If you use a payroll system, you will need to make sure it can make the correct calculations based on 9.25% as well as put the additional information on payslips. If you're not sure if your system can accommodate this change, give your provider a call. They should be able to tell you how to configure it or tell you about upgrades they are planning. We are still waiting for the Government to release more details about the payslip requirements. We will keep you informed as they happen on our website.
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