You can add superannuations to employees in the Payroll > Superannuation screen of People:
Depending on the selections made in the Payroll > Superannuation screen, Dayforce updates the HR record of the employee in the Payroll > Payroll Elections screen.
| Setting | Description |
|---|---|
| Superannuation rules section | |
| Effective From | Start date of the superannuation rule. |
| Effective To | End date of the superannuation rule. |
| Apply max base cap for ER superannuation |
Controls whether superannuation contributions continue once an employee exceeds the maximum contribution base. Select this checkbox to stop any additional amounts from being deducted and prorate the amount in the current period. |
| Superannuation contribution funds section | |
| Superannuation Contribution Type |
The available contribution types:
Note: Although employees can contribute to two funds at once, a warning message shows if you save more than one active record with the same contribution type. You can still save the records; the purpose of the message is to inform you that an active record already exists. |
| Choice Fund |
The available choice fund types:
|
| Effective From | Start date of the superannuation election. |
| Effective To | End date of the superannuation election. |
| Fund Name |
The existing superannuation funds that are configured in Payroll Setup > Third Party Payees. |
| Contribution Calculation Type |
The two calculation value options that affect the Contribution Value field:
|
| Contribution Value | The superannuation contribution amount, which is affected by the option you select in the Contribution Calculation Type (percentage or amount) field. |
| Australian Business Number (ABN) | The ABN referenced from the third party payee. |
| Unique Superannuation Identifier (USI) | The USI referenced from the third party payee. |
| Membership Number | The membership number of the RSA fund. |
| Electronic Service Address (ESA) | The ESA of the employee's bank so the fund can receive electronic messages and payments using SuperStream. |