Institute of Certified Bookkeepers
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Paying extra Superannuation for a Director

  • Member in Employment
  • 5 posts
  • # 116925

Hi everyone

A simple one I guess - I need to allocate extra Superannation paid for the Company Director (above the SG) and I'm not sure where to put it. We paid up the the threshold as advised by the Accountant. How do I record we paid her extra outside of simply allocating the funds to the Superannuation Expense Account? Also, do I need to add this figure into Workcover Renumeration or is that just SG?

thanks!

  • Fellow in Practice
  • Practice Certificate
  • 256 posts
  • # 116927

YOu need to check with the accountant to see how he wants it allocated.  Is is salary sacrificed super,  or additional super after tax for example.

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