If required, a Voluntary Superannuation Contribution to report on additional employer contributions or employee salary sacrifice amounts above the government guarantee rate of 11.5% BEFORE TAX.
Fig: 2 – Payroll Contribution maintenance window showing ‘Is RESC’
In order to set up this type of Contribution, the ’Is Superannuation” and ‘Is RESC’ must be checked in order to maintain and report on additional employer contributions or employee salary sacrifice amounts above the government guarantee rate of 11.5%. (As shown in Fig: 2)