Additional Superannuation Contribution (ASC) Forms

The Additional Superannuation Contributions (ASC) will only apply if an employee’s assignment is associated to a Public Sector Pension Scheme. The employee must be in a Pension Scheme that's eligible for ASC. You need to answer the relevant question in the element template, Does Additional Superannuation Contribution (ASC) apply?

When you configure the template, you must define it as ASC Related and the employee's ASC calculation card has been associated with the appropriate assignment. After this combination has been applied, the applicable ASC deductions are calculated based on the calculation card information of band, cumulative, and covered or non-covered.

This is similar to tax calculation where if the value is calculated cumulatively, the deduction is calculated cumulatively minus what has already been deducted either in previous employments, currently, or a combination of the two. Non Cumulative uses just the current periods values in the calculation. Bands and percentages are predefined in the system

Use the new calculation card Public Sector Statutory Information and all the associated components to define ASC contributions. 

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

You need to create the element eligibility.