can one employee have two super accounts ?

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  • Updated 2 months ago
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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Deb

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Posted 2 months ago

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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.
(Edited)
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Deb

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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.

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)


(Edited)
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Deb

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Of course it seems so obvious now !
Thanks so much.