A way to cap superannuation contributions
Q.
I have a question regarding capping superannuation contributions. Can you please advise if there is a way to cap superannuation contributions in the payroll system for an employee so that they do not exceed the concessional contributions cap?
For example can we cap superannuation contributions to a certain amount (e.g. $480.75/ week) for an employee to prevent them exceeding the cap ($25,000).
A.
You can set the employee's super rate to 0% and then set a fixed weekly sum in the company contribution for his default fund.
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