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Superannuation pay item setup and STP reporting in Reckon One

Learn how the different superannuation types and their setup in Reckon One affect Single Touch Payroll (STP) reporting.

This feature is available on all payroll and Reckon Ultimate plans.

Overview

When you set up a superannuation item in Reckon One, there are 3 things that affect the STP reporting category that the item will be reported under:

  • the superannuation type
  • whether the whole superannuation pay item is marked as RESC exempt (reportable employee super contributions exempt)
  • whether the employee has a super guarantee amount, a collective agreement amount, or both.

Understand how superannuation types affect reporting

This table outlines each superannuation type and how it reports under Single Touch Payroll typically, and if the item is RESC exempt for the employee.

Superannuation type

STP reporting category

STP reporting category if RESC exempt

Super guarantee

  • L for amounts up to the statutory super guarantee rate, and
  • R for any amount over the statutory rate

L

Collective agreement

  • L for amounts up to the statutory super guarantee rate, and
  • R for any amount over the statutory rate

(Unless the employee has both super guarantee and collective agreement payments. In this case, the total of the payments is calculated, and the amount above the statutory rate is reported as R).

L

Salary sacrifice

S and R

S

Employer additional

R

Not reported

Productivity

Not reported

Not reported

Member voluntary

Not reported

Not reported

Spouse deduction

Not reported

Not reported

Read more

How did we do?

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