| | Exempt Benefit | Fringe Benefit | Superannuation |
Button | | Create Salary Sacrifice | Create Salary Sacrifice | Create Salary Sacrifice |
Pay Component Type | Defaults depending on the button selected on the employee record | Salary Sacrifice | Salary Sacrifice | Salary Sacrifice |
Pay Component Sub Type | Select one of the following types of salary sacrifice
| Salary Sacrifice-Exempt Benefit | Salary Sacrifice-Fringe Benefit | Salary Sacrifice-Superannuation |
Description | Defaults from pay component sub type | | | |
UOM | Defaults to year | Year | Year | Year |
Rate | Enter the amount to be sacrificed | $1200 | $1200 | $1200 |
Amount | Rate | $1200 | $1200 | $1200 |
Amount Per Period | Amount / Number of Periods | $23.08 (based on weekly pay frequency)
| $23.08 (based on weekly pay frequency) | $23.08 (based on weekly pay frequency)
|
Reduce Employer Contribution | Available if you select Salary Sacrifice Superannuation |
|
| Select if the amount of superannuation is to be deducted from the amount to be paid by the employer |
Is Percentage | Signifies if the calculation is based on a percentage and may need recalculating on pay slips | Can not enter a rate and percentage on same sub component | Can not enter a rate and percentage on same sub component | Can not enter a rate and percentage on same sub component |
Percentage Type | Available if you select Is Percentage | Salary Sacrifice | Salary Sacrifice | Salary Sacrifice |
Percentage | Available if you select Is Percentage | | | |
Payee | Select the Vendor that will receive this payment | | | Select your Super Fund Provider
|
Balance Sheet Account | Defaults from the vendor selected | | | Superannuation Payable |
Start Date | Start date that this pay component becomes valid | | | |
End Date | Leave blank | | | |
Department | Enter if required | | | |
Class | Enter if required | | | |
Location | Enter if required | | | |
FBT Record | Available if pay component sub type is Salary Sacrifice-Fringe Benefit | | Select/create FBT record for the employee | |
Range Amount | | | | |
Reference | | | | |
Current | Marked | Marked | Marked | Marked |
Loading Rate | | | | |