Superannuation Fund - Deductions (Australia)

Payroll | Superannuation | Superannuation Fund | Deductions tab

Overview

Most of the Deductions tab fields contain deductions used in Transaction View for superannuation calculations. However, you can use the Values (%) – Employee (%) as a default value when you create an Employee Super Fund record. Payroll rules can reference these deduction codes to generate superannuation transactions.

These fields are not mandatory, but you must enter the relevant deduction codes if you want PayGlobal to generate that type of superannuation deduction. If you leave any of these fields blank, then:

The corresponding deduction field will be disabled in Employee Super Funds records associated with this superannuation fund.
PayGlobal cannot generate superannuation transactions for that deduction for employees attached to this superannuation fund.
Important: You can select only deductions that have Details (iii) tab | Superannuation deduction = "Yes".

Fields

Employer (%):

U-type deduction that creates the employee's percentage value.

Employer ($):

U-type deduction that creates the employee's fixed value.

Other Member (%):

D-type deduction that creates the Other Member's percentage value.

Other Member ($):

D-type deduction that creates the Other Member's fixed value.

Salary Sacrifice (%):

D-type deduction that creates the non-RESC Salary Sacrifice percentage value.

Salary Sacrifice ($):

D-type deduction that creates the non-RESC Salary Sacrifice fixed value.

Salary Sacrifice RESC (%):

D-type deduction that creates the RESC Salary Sacrifice percentage value.

Salary Sacrifice RESC ($):

D-type deduction that creates the RESC Salary Sacrifice fixed value.

Values (%) - Employee (%):

The employee's percentage contribution to this superannuation fund. When you create an Employee Super Funds record you can copy across this value, and then manually adjust it if required.

PayGlobal uses the following hierarchy to define the Employee (%) value:

Employee Super Fund | Deductions tab
Superannuation Fund | Deductions tab.