Use this to create Salary Sacrifice pay components. The table below lists 3 examples for each salary sacrifice type.

Important!

If you're creating a Salary Sacrifice for Superannuation, then you should make sure the Super Fund Provider already exists. If not then add them as a Vendor prior to setting up the employee's Salary Sacrifice.

Employee Setup Guide

Field	Description	Exempt Benefit	Fringe Benefit	Superannuation
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

To add another Pay Component, go back to step 11. Add Pay Components.

Or, move onto step 12. Finish Up.

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