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The Salary Sacrifice RESC % deduction is the same as the Salary Sacrifice RESC $ deduction, but the Details (iii) tab contains different values.
Field |
Option |
|---|---|
Calculation method |
P. Percentage of Gross Recommended option. Exolvo will calculate superannuation based upon the employee’s total gross earnings for the relevant sequence. If the deduction has Type = "U. Employee Superannuation Deduction", then the allowances contributing to the total gross earnings must have Use in Super Calculations = "Yes". You could also use I. Percentage of allowance group. Exolvo calculates the quantity based on the total value of allowance transactions in the specified allowance group. Selecting this option enables the Allowance Group field. |
Allowance Group |
Enabled when Calculation Method = "I. Percentage of allowance group". |

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Topic: 15167