Superannuation Contributions - Australia

In this guide we walk through Super contributions entered in the Basics section when entering an Accumulation Super into Voyant and how to check it's set up how you would like in Year View. This guide focuses on contributions, see the guide linked below for how to enter Supers and the Transfer at retirement between Super Accumulation and Retirement Phases.

How to Enter Superannuation Pensions - Australia

Entering Contributions

When you enter a Super into the plan you have the option to select Employer Linked Plan - Yes/No.

Selecting Yes and linking to an Employment you've entered into the plan will start the Guaranteed Employer Contributions.

The level of Employment Income in each year along with the required percentage the employer has to contribution in that year will determine the monetary payments.

mceclip1.png

 

Enter Salary sacrifice, Personal Concessional Contributions or Non-concessional Contributions in the appropriate fields shown above.

Here are other relevant guides on these:

Personal Concessional Contributions into a Super - Australia

Superannuation Contributions - Setting up a Transfer to use the Bring Forward Rule

 

Timing

Set in Timing when you would like these contributions to occur. Note Employer contributions are treated separately as these will continue whenever the linked income is in the plan.

mceclip3.png

Steps

You can step up and down salary sacrifice contributions and additional employer contributions in the Steps window

mceclip2.png

 

Checking the Contributions

Go to Year View top right of the chart - Pensions tab.Click on the name of the Super to show the details below in the screen shot.
- The Employer Contribution is shown Net of tax (i.e. after 15% tax in 2021).
- The Personal Concessional contribution amounts are entered Gross when entered into the Super Concessional Contribution field.

'Planned' = Gross Personal Contribution

'Actual' = Net Personal Contribution (i.e. after 15% tax in 2021)
mceclip4.png