Employee Contributory Super - Percentage of Annual Super Gross

This method is useful when the superannuation contributions are to be calculated on a gross figure that differs from the actual earnings, as in the case of a salary package that includes elements not normally classified as income.

The annual superannuation gross, on which contribution calculations are based on, is specified. A percentage of the superannuation gross is calculated each time the employee is paid.

Required Setup:

1. Setup an Allowance/Deduction code with a Classification of R.
2. From the Superannuation window, setup the employee annual superannuation gross amount.
3. Setup the following, from the Salary window, for the relevant employee:
   • The relevant Superannuation Allowance/Deduction codes;
   • A unit value, usually 1 in Standard Units; and
   • A percentage of the annual Superannuation gross to be calculated for each pay in Standard Amount.