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Superannuation

Key points

The mandatory superannuation you need to pay on top of your employees' wages is called the Superannuation Guarantee and it's currently 11% of an employee’s ordinary time earnings.

If you need to pay more than this minimum rate, see Additional superannuation contributions.

Super not calculating correctly? See Checking and adjusting superannuation.

Setting up super in MYOB

There are a few things you need to set up before you can pay your employees' super contributions, including adding your employees' super funds and setting up Pay Super.

Take a look at this quick overview:

Superannuation in your employees' pays

Once you've added super funds and set up Pay Super, you want to make sure your employees' super contributions will be calculated correctly in their pays.

MYOB comes with a set of superannuation pay items which you can use to calculate and track your employees' super payments. This includes a default Superannuation Guarantee pay item which you can assign to employees who are entitled to these contributions.

Tell me more about pay items

To view the superannuation pay items, go to the Payroll menu and choose Pay items then click the Superannuation tab.

To view the superannuation pay items, go to the Payroll menu and choose Pay items then click the Superannuation tab.

These superannuation pay items can be set up to suit your needs, or you can create new ones.

Single Touch Payroll

Don't forget to choose the ATO reporting category for each superannuation pay item you use. If unsure, check with your accounting advisor or the ATO.

Learn more about assigning ATO reporting categories for Single Touch Payroll reporting.

FAQs