Superannuation Rules Explained (Payees)
Dec 17, 2024
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🎯 Superannuation Rules is the first section within Superannuation Rules and Fund Details, and allows you to define the relevant Superannuation Rules which apply to this Payee.
Under 18 Employer SG Rule allows you to select if the Payee is entitled to Employer SG per Employees aged under 18.
Domestic or Private Worker Employer SG Rule allows you to select if the Payee is entitled to Employer SG per Domestic or Private Workers.
🎯 Due to the calculation requirements, the Under 18 Employer SG Rule and Domestic or Private Worker Employer SG Rule can only be selected if Pay Period = Weekly for the initial release. Further guidance is being sort regarding how this rule applies to Payees paid in a different Pay Period (e.g., Fortnightly).
Maximum Contribution Base Rule allows you to select if the Payee is entitled to Employer SG per Maximum super contribution.
🎯 The Maximum Contribution Base calculation has been implemented. Please see Maximum Superannuation Contribution Base Explained (Taxation).
