Making Statutory and Customary Superannuation Deductions
The following deductions are for the common super contributions.
Deduction Name |
Calculation Rule |
Description |
---|---|---|
SGCMAN (super - mandatory) (Statutory) |
Base × Percent |
The superannuation guarantee (SG) contribution mandated by Australian legislation. Employers normally pay this on behalf of the employees. This is defined to be a percentage of the employee's actual gross earnings for the period. The PeopleSoft-delivered variable AUS VR SGCMAN PCT holds this user-maintainable value. |
ER ADDLSPR (employer additional super) (Customary) |
Base × Percent |
The super contribution that the company pays in addition to the percentage mandated by the legislation. This is a percentage of the employee's actual gross earnings. The employer defines the value of the percentage. The PeopleSoft-delivered variable SUP VR ERADDL PCT holds this user-maintainable value. |
EE SSSPR (employee salary sacrifice super) (Customary) |
Base × Percent |
The super contribution that an employee pays as a salary sacrifice. This is defined as a percentage of the employee's actual gross earnings. The percentage is entered at the payee level as a deduction assignment. Refer to the description of the ER MATCHSPR deduction. |
AWARDMAN (award - mandatory) (Customary) |
Amount |
The super contribution likely to be used by award-based employees. It shows how super can be calculated using a tier-based calculation. With the amount being calculated from a formula SUP FM TIERBSD AMT |
ER MATCHSPR (employer matching super) (Customary) |
Base × Percent |
The super contribution that the company voluntarily pays on behalf of an employee who contributes to super through salary sacrifice. This shows how a company can match the employee contribution. Only employees with EE SSSPR receive this deduction. Refer to the description of the EE SSSPR deduction. |
EE SUPER (employee super) (Customary) |
Amount |
The super contribution that an employee pays as an after-tax deduction. This is defined as a flat amount. Employees need to be enrolled to have this deduction taken. The amount is entered at the payee level as a deduction assignment. |