Setup Considerations: Superannuation (AUS)
You can use this topic to help make decisions when planning your configuration and use of superannuation in Workday. It explains:
- Why to set it up.
- How it fits into the rest of Workday.
- Downstream impacts and cross-product interactions.
- Security requirements and business process configurations.
- Questions and limitations to consider before implementation.
Refer to detailed task instructions for full configuration details.
What It Is
Workday enables you to pay superannuation to your eligible workers.
Business Benefits
Workday automatically calculates superannuation eligibility and tracks superannuation payments for workers, based on legislation published by the Australian Taxation Office (ATO).
You can set up Maximum Contributions Base (MCB) rules for Workday to use along with worker compensation packages.
Use Cases
- Automatically calculate superannuation on Qualifying Earnings (QE).
- Calculate superannuation based on compensation.
- Make adjustments to superannuation.
Questions to Consider
Questions | Considerations |
|---|---|
How do you want to pay workers with amount-based superannuation plans? | Workday doesn't automatically calculate superannuation for additional QE components when a worker only has amount-based plans. Manually calculate the superannuation for workers with amount-based superannuation plans, and add them as a pay input. |
Recommendations
Use percentage-based allowance plans for allocated superannuation where possible to minimize manual inputs.
Requirements
You must have Workday Payroll to use the superannuation functionality.
Opt-in to the Workday 32 - Time Zone functionality. See Concept: Roles, Time Zones, and Snapshots.
Use Workday Payroll to configure:
- A default superannuation fund in your Workday tenant.
- The MCB rules for your organization.
- Superannuation choices for all workers.
Limitations
- Workers can only have 1 active superannuation fund per worker, per company.
- Workday currently doesn't support child and spouse superannuation funds.
- Workday currently doesn't support calculated compensation plans.
- Workday currently doesn't support stapled funds lookups. Enter stapled fund results as APRA or SMSF choice types.
- Workday currently doesn't support member verification requests.
Tenant Setup
No tenant setup required.
Security
Configure these domains in the Australia Payroll functional area:
Domains | Considerations |
|---|---|
Set Up: Payroll (Superannuation) - AUS
| Enables you to configure superannuation. |
Worker Data: Payroll (Company Specific) - AUS
| Enables you to add worker superannuation choices on behalf of the worker. |
Self Service: Payroll (My Superannuation Choices) - AUS
| Enables workers to enter their own superannuation choices. |
Business Processes
No impact.
Reporting
Reports or Dashboards | Considerations |
|---|---|
View AUS Worker Superannuation Choice
| Use this report to review workers' superannuation fund choices. |
Integrations
Get Super Choice
| Exports superannuation choice data from your Workday tenant. |
Put Super Choice
| Imports superannuation choice data into your Workday tenant. |
Connections and Touchpoints
Workday offers a Touchpoints Kit with resources to help you understand configuration relationships in your tenant. Learn more about the Workday Touchpoints Kit on Workday Community.