Employee Wizard – Superannuation details

The Superannuation Details window enables you to specify any of the various types of superannuation an employee may use. 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. (Superannuation Guarantee Contribution) – As an employer, you are required to either make the minimum level of superannuation contributions (S.G.C.) to a superannuation fund for each employees, or pay the Superannuation Guarantee Charge. The S.G.C. applies to most employees. See S.G.C. exempt employees below for exemptions.

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 account or 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.

7 Click Next.

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.