Note: The explanation below should not apply to the financial year 25/26, as there is no increase to the employer contribution; they are to remain at 12%
When you create a payslip in the new financial year 25/26 using a PPE date from the previous year 24/25, combined with a Superannuation increase 11.5% to 12.0%, WageEasy will look at what is being paid in the current financial year and use the correct new rate.
WageEasy will be doing a catchup amount for 0.5% for the first full PPE date in July 25.
In the above diagram it shows $1200.00 is the YTD Gross paid in the current financial year.
$1200 @ 12.0% is equal to $144.00
Note: to check this, move your PPE date forward and process a test pay, you will see that it calculates correctly.
It is not advised to do any manual calculations within WageEasy, as it will continually try and correct itself until the end of the month.
If the EFT has been paid in the new financial year it attracts the new superannuation percentage.