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Create Salary Sacrifice
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| Field | Description | Exempt Benefit | Fringe Benefit | Superannuation |
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| 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 |
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| 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 |
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| Payee | Select the Vendor that will receive this payment |
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| Select your Super Fund Provider | |||
| Balance Sheet Account | Defaults from the vendor selected |
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| Superannuation Payable | |||
| Start Date | Start date that this pay component becomes valid |
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| End Date | Leave blank |
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| Department | Enter if required |
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| Class | Enter if required |
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| Location | Enter if required |
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| FBT Record | Available if pay component sub type is Salary Sacrifice-Fringe Benefit |
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| Select/create FBT record for the employee |
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| Range Amount |
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| Reference |
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| Current | Marked |
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| Marked |
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| Loading Rate |
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Click on Save
To add another Pay Component, go back to step 11. Add Pay Components.
Or, move onto step 12. Finish Up.