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 Superannuation Contribution Base (MSCB).
- Map allowance plans and compensation packages to superannuation guarantee and employer voluntary contributions.
- Map the superannuation pay components to ordinary time earnings.
- Add all of your pay components that are subject to superannuation to theAUS Ordinary Time Earningspay component group.
Record superannuation choices for all workers.