so im updating DH's income on the online centerlink site and it mentions reportable super contributions. what is it?
on DH's tax return the amount under this heading is only around 4% of his income
im confused![]()
so im updating DH's income on the online centerlink site and it mentions reportable super contributions. what is it?
on DH's tax return the amount under this heading is only around 4% of his income
im confused![]()
Have a look at this link from the ATO website Employer guide for reportable employer superannuation contributions (RESC)
Basically, it's when an employee salary sacrifices or pays voluntary super contributions.
Yeah, that is only new. If you salary sacrifice into superannuation, then it counts as total income so you have to let centerlink know.
aarrrhhhh i see so i'll loose money![]()
Unfortunately you might. I don't think I lost much though, DH only sacrifices around $400 a month and it didn't affect our payments too much.
thanks trill and jodi!
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