Setting up superannuation

Synergetic has the ability to calculate superannuation amounts when you only specify a factor.

When determining the amount of superannuation to pay:

  • all pay types with the Include in Superannuation Calculation selected in Payroll Code Maintenance are included in the calculation
  • only lines above the actual superannuation line are included in the calculation.

Example

Remember:

  • N = Normal Payment, R = Deduction - Pre-Tax (non-superannuation) and E = Superannuation - Employer Contributed
  • S (Superannuation - Employee Voluntary After Tax) is the same as E except it will be a credit.

This is the simplest situation, a Normal Payment line that is included in superannuation.

Pay Type

Factor

Amount

Include In Super Flag

N

 

1000.00

Y

E

0.1

100.00

That is, 10% of 1000.

This example has a Normal Payment, Deduction - Pre-Tax (non-superannuation) and Superannuation - Employee Voluntary After Tax.

Pay Type

Factor

Amount

Include In Super Flag

N

 

1000.00

Y

R

 

-200.00

N. That is, this is not included in the superannuation calculation.

E

0.1

100.00

Superannuation is still calculated on 1000.

This example demonstrates how superannuation calculations only process what is above them.

Pay Type

Factor

Amount

Include In Super Flag

N

 

1000.00

Y

E

0.1

100.00

This only includes the 1000 above it.

N

 

1000.00

Y. That is, another Normal Pay line.

E

0.1

200.00

This includes both lots of 1000.