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Salary Sacrifice RESC %

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".

DednSS%-Details3

Topic: 15167