Employee Super Funds - Deductions (Australia)

Overview

The Deductions tab allows you to personalise employee contributions. When a superannuation payroll rule generates an Employee Super Funds deduction in Transaction View, it uses the Employee Super Funds | Deductions tab field values to determine the transaction rate. However, payroll rules cannot generate transactions for a deduction if:

The relevant Employee Super Funds | Deductions tab field is empty
- or -
No corresponding deduction code is specified in the associated Superannuation Fund | Deductions tab.
Important: If any of these fields do not have an allowance code specified in the associated Superannuation Fund | Deductions tab, then that field is disabled.

Column fields

The Deductions tab contains the following column fields for salary sacrifice fields:

Contribute under minimum?

Yes/No field that indicates whether employer contributions (%, $, RESC %, RESC $) are made if the employee’s salary or wages are below the monthly minimum earnings amount.

Influence?

Yes/No field that indicates whether the employee was able to influence employer contributions (%, $) paid when the employee’s earnings are:

below the monthly minimum earnings amount
or
above the maximum quarterly earnings threshold.

Contributions that the employee has influenced are reported as RESC.

Contribute over maximum?

Yes/No field that indicates whether employer contributions (%, $, RESC %, RESC $) are made if the employee’s Ordinary Time Earnings (OTE) are above the maximum quarterly earnings threshold.

Fields

Employee (%):

Value of the employee’s percentage contribution to this fund. Employees can contribute to many superannuation funds.

If you copy across defaults, then the Employee (%) value is copied from the Superannuation Fund record.

Important: This Employee (%) value overrides the Superannuation Fund | Deductions tab | Employee (%) value. If the Employee (%) value in the Employee Super Fund is zero or blank, then the payroll rule does not generate any employee deduction transactions.

Employee ($):

Value of the employee’s fixed contribution to this fund.

Other Member (%):

Value of the employee’s percentage contribution to this fund on behalf of another member.

Other Member ($):

Value of the employee’s fixed contribution to this fund on behalf of another member.

Salary Sacrifice (%):

Value of the non-RESC portion of the employee’s salary sacrifice percentage amount for this fund.

Salary Sacrifice ($):

Value of the non-RESC portion of the employee’s salary sacrifice fixed amount for this fund.

Salary Sacrifice RESC (%):

Value of the RESC portion of the employee’s salary sacrifice percentage amount for this fund.

Salary Sacrifice RESC ($):

Value of the RESC portion of the employee’s salary sacrifice fixed amount for this fund.