Beneficiary is Next Of Kin

Mandatory Yes/No field that indicates whether the beneficiary is one of the employee’s Next of Kin.

Beneficiary name

Mandatory field.

If Beneficiary is a Next Of Kin = Yes, you can select the beneficiary’s name from the pick list.

If Beneficiary is a Next Of Kin = No, you have to enter the beneficiary’s name. This value must use the correct format or it could cause an error in the PAYGW annual report data.

Note: If you do not enter the Beneficiary name in the correct format, a warning appears when you try to move to the next field or save the record.

Address, Suburb, City/Town, State, Post code, Country

Mandatory fields for the beneficiary’s address details.

If Beneficiary is a Next Of Kin = Yes, then after you select the beneficiary’s name, Exolvo copies their address details from the Next Of Kin record.

If Beneficiary is a Next Of Kin = No, then you have to enter the beneficiary’s address details.

Beneficiary TFN

Mandatory field for the beneficiary’s tax file number. If you do not know their TFN, then select one of the following options:

000000000 - No TFN quoted by the employee.

111111111 - Employee is applying for a TFN.

333333333 - Employee is under eighteen.

444444444 - Employee is a pensioner.

Date of birth

Mandatory field for the beneficiary’s birth date.

Gender

Beneficiary’s gender (Unknown, Male or Female).

Bank account

Beneficiary’s bank account. Exolvo uses standard validation logic in this mandatory field.

Bank reference

Optional free-text field.

Account name

Mandatory free-text field.