can one employee have two super accounts ?
Deb_8351604
Member Posts: 17 Reckoner
I have a new employee who wants the bulk of their super to go to one super fund and sal sacrifice some to go to a different super account. How can I set this up ?
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Hi Deb
Salary Sacrificed Super is not the same as the standard employer super (SGC)
Unlike SGC, SS amounts are deducted from the employee's gross pay - reducing the PAYGW amount - to obtain a tax benefit. This is classified as Reportable Employer Super Contributions (or RESC) & needs to be configured correctly for both the PAYGW tax & RESC to calculate & report accurately.
You need to set up a Salary Sacrifice Payroll Item for this additional fund. You can specify a % or fixed $ amount on the employee's record.
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Thanks Shaz - so it can be done though ? I have set up both before for different employees but not had this problem with one employee wanting both. How do I best set it up. The Employee card only seems to have provision for one fund.
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Yes, you can add as many Super Payroll Items as you like to an Employee's record.
In their "Super Details" section, just enter/add the SS Payroll Item on to the next line in the "Item Name" box (under their existing Super Payroll Item)
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Of course it seems so obvious now !
Thanks so much.
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