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Set Up a New Superannuation Fund

This video takes you through:

  • Creating a new superannuation fund
  • How superannuation funds are linked to the employees' records
  • Types of superannuation contributions

Prefer reading instructions instead? See below...

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Details for all Superannuation Funds your organisation contributes to need to be
established in Wagemaster so that it can group the contributions and
make the required reports.

To set up a new Superannuation Fund record:

  1. Click Setup > Superannuation Funds 

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  2. Click Add

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  3. The Add Superannuation Fund Details screen will be displayed. Complete all relevant details on each of the tabs displayed

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    • General: Enter the fund's detail
    • Address: Enter the fund's addresses
    • Notes: Enter any comments you want to make about this fund (optional)
    • Contacts: Double click each of the headings (Name, Job Title, Mobile, Business) to enter details about the contact person for that fund (optional)
    • Delivery Mode: These are methods for you to send your super report to the super fund. This has been superseded by the Superannuation Clearing House facility
      • Leave as default setting (Paper Report)
    • Bank: Leave as blank as now you will not be paying super direct to the super fund - you will be paying to Superannuation Clearing House facility 
    • Payslip: If your employee is contribution extra super after tax (in addition to the Super Guarantee Levy), you can add a description instead of the fund name to show on their payslip. Check the Use Caption if you want this description to appear on the payslip
    • Employees: Leave as is. This will display a list of employees who are members of this fund once employees are linked to this fund during the employee setup process.
  4. Click Close to save the record.

 

Next Step: Set up and attach allowances to your employees

 

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