An employee might want their employer-paid super to go to one fund, and salary sacrifice an additional amount to a second fund. You can only assign one super fund to an employee's card. So you'll need to set up two cards for the employee and assign a different superannuation fund to each. OK, there's a little more to it than that, so let's step you through the details. In this example, an employee wants to salary sacrifice $50 each pay to go to a second super fund. ui-expand |
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title | 1. Set up the employee's cards |
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| You need to create two employee cards which we'll refer to below as the primary card and the secondary card. If you've already set up a card for the employee, consider this their primary card. ui-text-box |
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| Make sure you've set up your employee's super funds. | Here's what you need to record in each card: In this card... | record this info... |
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Primary card | - Enter all payroll information for the employee. This will be their main employee card.
- Assign the super fund for the employee's mandatory (superannuation guarantee) payments.
- Enter the employee's membership number for that fund.
| Secondary card | - Enter the employee's name. To differentiate it from the name in their primary card, just add a middle name or initial.
- Assign the super fund for the employee's salary sacrifice super payments.
- Enter the employee's membership number for that fund.
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title | 3. Process the employee's pay |
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| When you process your payroll, click the zoom arrow to review the details of both of the employee's cards. In the employee's primary card- The deduction will be listed ($50 in our example).
- The deduction value will be temporarily held in the salary sacrifice "holding" account (created earlier), ready to be transferred to the secondary card.
- If needed, you can change the salary sacrifice amount here.
Image Removed In the employee's secondary card- Enter or change the salary sacrifice amount against the Salary Sacrifice wage category ($50 in our example).
- The Salary Sacrifice superannuation category will automatically update to show this amount as a negative value (-$50 in our example).
- When you click OK on this window, you'll need to click OK to the warning about a $0.00 Net Pay,
Image Removed Recording these pays will: - allocate the superannuation amounts to the respective funds ready for payment, and
- clear the balance of the salary sacrifice "holding" account.
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<h2><i class="fa fa-comments"></i> FAQs</h2><br> |
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title | How can I see how much superannuation has accrued for each fund? |
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| To see how much super has accrued for each fund, run the Accrual by Fund Summary report (Reports > Index to Reports > Payroll > Superannuation). You can filter the report for the applicable funds and specify the required date range. |
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title | How do I report the employee's super on their payment summary? |
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| At the Payment Summary Fields step of the Payment Summary Assistant, select the Salary Sacrifice - Split deduction category but NOT the Salary Sacrifice wage category. This will ensure only the employee's primary card will be included in the payment summary and EMPDUPE file. |
This content is obsolete, so we’ve retired the page. You can remove any bookmarks to this page. If there’s something else you need, try searching our help centre. To meet the ATO's super requirements, you'll only be able to pay super from AccountRight into a single super fund for an employee. If an employee requires their super to be paid into an additional super fund, you'll need to work with your accounting advisor to consider using the ATO's Small Business Superannuation Clearing House for payments to the additional fund. |
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