Super Choice
From 1 July 2005, employees will have
much more opportunity to nominate a different super fund for their contributions.
In PAY-PACK we have always allowed for this freedom of choice. For each new super
fund, just set it up in the allowance area and make sure that the Type is Employer
Super Contribution. If the employee is doing either salary sacrifice or extra
employee contribution, you will need to set up an extra “allowance” for each fund.
The PAY-PACK monthly reports will include a separate page for each of the above.
You will then send the reports and contributions to the various funds. However this
will take more time if your employees are contributing to a lot of different funds.
If you end up paying super contributions to many super funds you should consider
the
SuperBanking
option.
