[Busmanagers] on costs

[Wilson, Sharyn J]

Here is the excerpt from the Guide to the SRP so depending on what
payroll it is either Central or local you will need to add it up.  Don't
forget workcover if you are looking at local payroll.

 

4.2       SALARY ON-COSTS

 

Funds are included in the SRP to meet salary on-costs associated with
the payment of salaries and allowances on the central payroll. These
on-costs comprise payroll tax and superannuation charge.  This funding
is not separately itemised.

Payroll tax is charged based on 5.25 per cent of total salaries
expenditure. 

Superannuation is charged at a deemed rate, based on 9.3 per cent of the
total credit allocations in the SRP and on any credit deficit.  The
deemed rate is referenced to the total funding allocated in the SRP for
superannuation.  In this way, the superannuation is cost-neutral for
schools, with the exception of superannuation on salary deficits.

 

 

Sharyn Wilson

Business Manager

Heathmont College

Waters Grove 

Heathmont  3135

Ph:  039871.4888

Fax: 039879.4770

wilson.sharyn.j at edumail.vic.gov.au

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of
Willcox-Litovkin, Donna D
Sent: Tuesday, 11 July 2006 12:31 PM
To: Business Managers' Mailing List
Subject: RE: [Busmanagers] on costs

 

Hi Roz

 

When I queried this no-one could or would confirm the correct
percentage. In the end it came down to 9% for super costs if appropriate
and as we don't have payroll tax that was about all. It is a very grey
area so if you find out any more than I did I would love to know. Sorry
I am not much help!!!!

 

Donna Willcox-Litovkin

Antonio Park Primary School

 

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Lambert, Roz E
Sent: Tuesday, 11 July 2006 11:04 AM
To: Business Managers' Mailing List
Subject: [Busmanagers] on costs

 

Hi All,

 

Does anyone know the current on costs for staff.  It used to be 18% but
I am not sure if this is still current.

 

Thanks

 

Roz Lambert

Kew East Primary School

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