How to include the super guarantee

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Entering data for a super guarantee

The super guarantee is the compulsory amount of your salary that your employer must pay into your super account. Pathfinder has two options for calculating the super guarantee.

• Use the legislated default super guarantee (default option) -  for Pathfinder to model this:
  • Add the individual's income:
    • For the income 'Type' field, make sure you choose a type which adds the super guarantee (e.g. Wages/salary).
    • The amount(s) you enter for income should be before tax and not already include the super guarantee, because Pathfinder will add the the super guarantee for you. For the list of income types that have the super guarantee added, see Income.
  • Pathfinder will automatically calculate the super guarantee based on the legislated values, including legislated future increases (if any).
• Apply a custom super guarantee - If the individual has an agreement with their employer to receive a higher super guarantee, then:
  • Add the individual's income:
    • For the income 'Type' field, make sure you choose a type which will adds the super guarantee (e.g. Wages/salary).
    • The amount(s) you enter for income should be before tax and not already include the super guarantee because Pathfinder will add the super guarantee for you. For the list of income types that have the super guarantee applied, see Income.
  • Go to the Cash flows & Goals (top menu) > Retirement planning (sub-step), find the individual and edit these fields:
    • Custom super guarantee % - this should be the super guarantee amount that they have negotiated with their employer
    • Keep super guarantee to upper limit - There is an upper limit on how much an employer is required to contribute as a super guarantee. If the individual's super guarantee is likely to be over the legislated super guarantee upper limit, you can choose whether or not this limit can be exceeded (note that if you choose 'yes', it will not exceed the total concessional cap)

Super guarantee in the results

To view the super guarantee in the results, see: Detailed reports > (Individual - side menu) > Cash flows > Super deposits summary.  In the 'Concessional deposits' section, there are lines for:

• Super guarantee % - this will either be the legislated value (including any legislated future increases or the custom value you entered)
• Super guarantee - this is the dollar amount actually paid as the super guarantee