Do I have access to this?
Depending on the access set up for your company you may or may not have access to this screen.
If you do, your may or may not have access to edit your voluntary contributions. If you have any difficulties accessing this page, please contact the owner of Flare application in your business.
What’s the on the screen?
My Contribution Tab:
This will show you your Active Contributions and history, allow you to add a contribution for a fund you’ve nominated through ‘My Super Fund’ Tab.
My Active Contributions
This section shows all contributions that are currently active. Once they are end-dated, they will move to History section.
This section shows contributions that are no longer active. This is useful to understand where you’ve contributed to in the past.
Contribution - This is the type of contribution you are making:
- SGC: Superannuation Guarantee Contribution - this is the compulsory employer funded superannuation that a company pays on your behalf to your nominated fund. This is initially set up during the onboarding process when you join via Flare, but the fund can be updated via this screen. Currently this is mandated at 9.5% of superable income. Note: you can only have one SGC fund at any one time.
- Employer Additional: This is an employer contribution made on your behalf and could be in place of Superannuation Guarantee Contribution (SGC). It can be set at a percentage of superable income of fixed amount. If the employee has no SGC fund this must be a minimum of 9.5% or value more than 9.5%.
- Employer Additional Secondary: If your employer is contributing to Employer Additional fund but wants to also contribute to a different fund for another amount, they can do this through this election.
- Salary Sacrifice: This is an employee (voluntary) funded contribution which reduces your taxable income.
- Salary Sacrifice Secondary: If you wish to contribute voluntarily to two different funds pre-tax you can do this via a combination of Salary Sacrifice + Salary Sacrifice Secondary. You cannot have a Salary Sacrifice Secondary without a Salary Sacrifice contribution first though.
- Employee Post Tax: This is where you might want to contribute to superannuation and not reduce their taxable income.
- Employee Post Tax Secondary: If you wish to contribute voluntarily to two different funds post-tax you can do this via a combination of Employee Post Tax + Employee Post Tax Secondary.
This is the Name of the Superannuation Fund you've selected.
This is when the superannuation contribution started. This is typically your hire date if it’s your first record, or your go-live date if you’ve transition to Flare Pay from another system whilst in employment.
If you change your contribution:
Flare Pay Customers: This will default to the beginning of your current pay period, you cannot change superannuation funds or contributions in arrears
Flare HR Customers without Flare Pay: This will default to the day you created the record.
This will be blank if your contribution is current with no end date specified this will be blank. If you change fund or cease your contribution this will be the date you specify, however that cannot be earlier than today’s date.
This is the method by which your superannuation is calculated - this is % of earnings or fixed amount.
If your Calc Type is percentage, the percentage of superable earnings is listed here.
If your Calc Type is Amount, the Amount per pay period is determined here.
This determines if the super fund concerned is still in active use.
Date a transaction was updated.
My Super Fund
This tab shows all funds set up for you.
Depending on your access you can view, add new funds to then create contributions from and add or amend their membership numbers.
This is the name of your Superannuation Fund
This is the legal name held by your Superannuation Fund
This is the Australian Business Number held by your Superannuation Fund
This is the Unique Superannuation Identifier number, it identifies where funds are distributed to. Many funds have the same name but have different investment set ups so it's important you find the right USI for your fund.
This is the member number of the fund you belong to, the way to identify their contributions by your superannuation fund.
This is whether the fund is currently being contributed to or not.