Employee Non-Contributory Superannuation
Employee non-contributory Superannuation calculations are based on an employee's pay, with the contributions paid by the employer. The basis of non-contributory Superannuation is used with SGC processing.
The calculation of an employee non-contributory Superannuation can be based on one of the following:
- As a standard amount applied each pay;
- As a percentage of the employee's annual Superannuation gross; or
- As a percentage of the employee's actual gross earnings.