Employee record – Superannuation

You can specify any of the various types of superannuation an employee may use on this window. You can enter a set contribution amount, or an amount calculated as a percentage of pay.

1 Type – Select the type of superannuation contribution you wish to set up. Employer S.G.C. is the compulsory employer superannuation that must be paid for each employee.

Employer S.G.C.	Employer Superannuation Guarantee Contribution (SGC) is the compulsory employer superannuation that must be paid for each employee. See S.G.C. exempt employees below for exemptions.
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Employer Optional	This is used for any additional contributions the employer may make on behalf of the employee.
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Spouse Contribution	This is used for contributions from the employee's net pay to their spouse's superannuation fund.
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Salary Sacrifice	An arrangement under which the employee foregoes part of their salary and in return has the employer's contributions to their superannuation fund increased. It reduces the employee's gross wage, tax, and SGC is calculated on the reduced gross (depending on Super Preferences selected).
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Employer Negative	Employers who have made an overpayment can use this to receive part of the overpayment back. Please check with your superannuation fund for specific details.
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Employee Negative.	As above, the employee can use this to receive part of an overpayment made by them.
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Employee Optional	This is used for contributions from the employee's net pay. The contribution amount is taken out after tax has been paid.
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2 Fund Name – Select the fund that the contribution is going to. These funds are set up in the Company Details section. To add a new fund, enter the fund name and then press TAB. When you are prompted to add the fund to your lists, click Yes.

3 Member Account Number – Enter the employee's member account number. When an employee joins a fund they are given a unique ID number for that fund. This number is required for all superannuation reports and for electronic lodgment of superannuation contributions.

4 Date Joined- – Enter the date the employee joined the fund. This date is required for electronic lodgement of superannuation contributions.

5 Amount – Enter the dollar or percentage amount of the contribution. For example, if the superannuation is 10% of pay rates subject to superannuation, enter 10.00.

6 $ or % – Select whether the amount is a Dollar amount or a Percentage of the employee's gross wages.

S.G.C. exempt employees

The Superannuation Guarantee applies to all employers. However, you won't have to provide superannuation support for an employee who is:

$image\bullet.gif$ paid less than $450 in a month;

$image\bullet.gif$ 70 years of age or over;

$image\bullet.gif$ under 18 years of age and working 30 hours a week or less;

$image\bullet.gif$ a resident employee being paid for work done outside Australia for a non-resident employer;

$image\bullet.gif$ a foreign executive who holds a Class 413 [executive (overseas)] entry permit or visa granted under the Migration (1993) Regulations;

$image\bullet.gif$ paid to do work of a domestic or private nature for 30 hours a week or less; or

$image\bullet.gif$ a non-resident for work done outside Australia.

Payments made under the Community Development Employment Program Scheme are also exempt.