JobKeeper FAQ's
Superannuation and JobKeeper Payments
New rules are being introduced by the government with the intention to not require super guarantee to be paid on additional payments that are made to employees as a result of JobKeeper payments. The ATO will update this information once legislation or regulations are in place.
Source: https://www.ato.gov.au/General/JobKeeper-Payment/Employers/Paying-your-eligible-employees/ 20-05-2020
The inference is that Super IS payable on that portion of pay which is not the additional
Examples
Top Up Payments
If Fred works to a value of $1,000 per fortnight.
You are not legally required to pay superannuation on the ‘top up’ amount of $500, but can choose to pay this if you wish.
Stood Down Employee
Violet was stood down and is not performing any work. She usually earns $1,000 per fortnight.
You are not legally required to pay superannuation on the $1,500, but can choose to pay this if you wish.
New rules are being introduced by the government with the intention to not require super guarantee to be paid on additional payments that are made to employees as a result of JobKeeper payments. The ATO will update this information once legislation or regulations are in place.
Source: https://www.ato.gov.au/General/JobKeeper-Payment/Employers/Paying-your-eligible-employees/ 20-05-2020
The inference is that Super IS payable on that portion of pay which is not the additional
Examples
Top Up Payments
If Fred works to a value of $1,000 per fortnight.
- You need to pay Fred’s normal wage of $1,000 and
- You need to pay Fred’s ‘top up’ JobKeeper $500 as a result of the JobKeeper payment.
- You need to pay the SGC (superannuation) on the $1000 portion.
You are not legally required to pay superannuation on the ‘top up’ amount of $500, but can choose to pay this if you wish.
Stood Down Employee
Violet was stood down and is not performing any work. She usually earns $1,000 per fortnight.
- You need to pay Violet $1,500 as a result of the JobKeeper payment.
You are not legally required to pay superannuation on the $1,500, but can choose to pay this if you wish.