Steps: Configure Superannuation (AUS)
- Review the setup considerations for superannuation.
- Set up superannuation as an allowance plan, as either a percentage or amount-based plan.
- Assign allowance plans to workers, to determine their superannuation rate or amount
You can:
- Define a default superannuation fund.
- Define how you want to treat earnings over the Maximum Contributions Base (MCB).
- Map allowance plans and compensation packages to superannuation guarantee and employer voluntary contributions.
- Map the superannuation pay components to qualifying earnings.
- Define a rule for insufficient funds to pay superannuation.
- Define the valid format of superannuation fund member numbers.
- Configure specific superannuation rules for groups of workers.
- Enable or disable superannuation payments for workers who are under the age of 18 and work under 30 hours a week.
- Add all of your pay components that are subject to superannuation to theAUS Adds to Qualifying Earnings (QE)pay component group.
Record superannuation choices for all workers.