LydB64
2 years agoExperienced User
One off annual salary sacrifice
I have employees who annually(one lump sum payment per year) salary sacrifice to their super. What are the steps to entering this transaction to payroll ?
- 2 years ago
Hi LydB64
Thanks for the update on this.
In this matter, the super guarantee is different from salary sacrifice that's why the amount entered in salary sacrifice is a minus figure. Superannuation guarantee is employer expense while salary sacrifice is from the employee.
For superannuation guarantee the calculation should be 11%. Also, you would need to check if the employee was linked to a superannuation guarantee. For salary sacrifice, you will need to choose user selected amount to manually enter every transaction.
Please let me know if you need further help.
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Cheers,
Leneth