Superannuation Funds (NZ)

Form ID: (MP.PP.21.51)

The Superannuation Funds form lets you set up non-KiwiSaver superannuation funds.

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The main table displays details of all superannuation funds that have been set up.


Element	Description
Fund ID	Enter a unique ID code for the superannuation fund.
Fund Name	A descriptive name for the superannuation fund.
Supplier ID	The superannuation company that contributions will be sent to must be set up as a Supplier using the Vendors (AP.30.30.00) form. Select the Supplier record that relates to the superannuation fund.
Location	The supplier location used in transactions for this fund. This can be overridden in employees' Standard Pays.
Payment Method	Select the payment method that will be used to pay contributions to the superannuation fund.
Cash Account	The cash account used in transactions for this fund. This can be overridden in employees' Standard Pays.
Active	This option indicates whether or not the fund is currently active. Inactive funds will not be available for selection on other forms. You cannot make a fund inactive if it is included in any unprocessed superannuation batches.
Default	Tick this option to make the fund the default choice for new employees.

Table 1. Fund EmployeesThe second table shows read-only details of all employees who have been assigned to the selected superannuation fund.
Element	Description
Employee ID	The employee's unique ID code.
Employee Name	The employee's name.
Pay Group ID	The ID code of the pay group that the employee belongs to.
Pay Group Description	The descriptive name of the pay group that the employee belongs to.
Pay Item ID	The ID number of the pay item that the employee uses to contribute to the superannuation fund.
Pay Item Description	The descriptive name of the pay item that the employee uses to contribute to the superannuation fund.
Contribution Type	The type of contribution: Employee Super or Employer Super.
Calculation Method	How the contribution is calculated: Amount, Rated or Percent Of.
Amount ($)	The dollar amount of the contribution.
Percent	The percentage of the employee's pay that the contribution represents.